Which of the Following Statements Concerning Monopoly Is NOT True

question 4

Multiple Choice

Which of the following statements concerning monopoly is NOT true?

• A) A market may be monopolistic because there are some legal barriers.
• B) A monopoly has market power.
• C) A monopoly is always undesirable.
• D) There is some deadweight loss in a monopolistic market.

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Definitions:

Deductible

The amount an insured individual must pay out-of-pocket before an insurance company pays a claim.

Accident Reconstructionist

Person with knowledge of both crime scene investigations and the mathematics that can help to explain the circumstances surrounding the accident.

Skid Marks

Visible marks left on the road surface by tires that have slipped or skidded, often analyzed in accident reconstructions.

Drag Factor

A coefficient used in calculating the deceleration or resistance force acting against a moving object or vehicle, often in automotive and aeronautical engineering.