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:

Dark Triad

A psychological term referring to the personality traits of narcissism, Machiavellianism, and psychopathy, which are typically associated with a callous-manipulative interpersonal style.

Malicious Traits

Characteristics or qualities of an individual that are harmful, cruel, or ill-intentioned.

Offensive Behavior

Actions or words that are hurtful, insulting, or intended to harm someone.