Which of the Following Is Not a Criticism Sometimes Leveled

question 162

Multiple Choice

Which of the following is not a criticism sometimes leveled at monopolies?

• A) A monopoly promotes inefficiency.
• B) A monopoly creates a welfare loss.
• C) A monopoly retards innovation.
• D) A monopoly leads to improved economies of scale in production.

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Definitions:

Stimulus

Any external or internal factor that influences an organism's behaviour or physiological reactions.

Determining Aspects

Essential features or elements that play a critical role in identifying or establishing the nature of something.

Gestalt Grouping

Principles in psychology that describe how humans naturally organize visual elements into groups or unified wholes.

Proximity

The physical or psychological closeness between people, objects, or ideas, often affecting perceptions and relations.