The Gains to Monopolists from Exercising Market Power

question 95

Multiple Choice

The gains to monopolists from exercising market power

• A) exceed the losses to consumers in monopoly markets, resulting in a net gain to society.
• B) equal the losses to consumers in monopoly markets, resulting in no net change for society.
• C) are less than the losses to consumers in monopoly markets, resulting in a net loss to society.
• D) create smaller deadweight losses than occur in purely competitive industries.

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Definitions:

Domestic Tasks

Activities and chores performed in the household, including cooking, cleaning, childcare, and maintenance, traditionally viewed as the responsibility of family members.

Gender Discrimination

Unfair or unequal treatment of individuals based on their gender, often resulting in disadvantages in employment, education, and other arenas.

Hostile Environment Harassment

Behavior that creates an intimidating, offensive, or oppressive atmosphere, often concerning sexual harassment in the workplace.

Quid Pro Quo Harassment

A type of sexual harassment where a person in power demands sexual favors in exchange for job benefits or avoiding negative job consequences.