Which Statement Is False

question 109

Multiple Choice

Which statement is false?

• A)Once a monopoly is set up,it is possible to dislodge it.
• B)Some monopolists have control over an essential resource.
• C)Several competing firms can provide cheaper service than a natural monopoly.
• D)As a firm grows larger,at first it realizes economies of scale,but eventually diseconomies of scale set in.

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Definitions:

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Part of the Iran-Contra affair, where U.S. Marine Lt. Col. Oliver North was involved in the sale of arms to Iran with the intention of funding Contra rebels in Nicaragua during the 1980s.

Ronald Reagan

The 40th President of the United States, who served from 1981 to 1989, known for his conservative policies and strong stance against the Soviet Union.

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The last leader of the Soviet Union, serving from 1985 until its dissolution in 1991, known for his policies of glasnost (openness) and perestroika (restructuring).

Socio-Economic Problems

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