Which of the Following Can Be Said About a Monopoly

question 154

Multiple Choice

Which of the following can be said about a monopoly?

• A)Monopolies are always inefficient and are therefore the least desirable form of market.
• B)They can cause a shift in the demand curve to benefit society.
• C)They may aid in innovation.
• D)All of the above are correct.

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Definitions:

Sexual Harassment

Unwanted sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature.

Objectively Offensive

Describes conduct or speech that is universally considered as offensive or inappropriate, beyond individual perceptions.

Uncertainty Avoidance

A cultural dimension that describes the extent to which a society tolerates uncertainty and ambiguity.

Guanxi

A Chinese term that describes the establishment of networks or connections that facilitate business and other dealings.