In Some Situations a Monopoly Might Be Considered More Desirable

question 31

Multiple Choice

In some situations a monopoly might be considered more desirable than a perfectly competitive firm:

• A) Because a monopoly has more incentive to keep costs down.
• B) Because a monopoly is the best way to increase output above the competitive level of production.
• C) If economies of scale exist and can only be realized by a single firm.
• D) Since price is less than marginal revenue for a monopoly.

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Definitions:

Provider's Plan

A detailed proposal or strategy developed by a healthcare provider to administer patient care effectively and efficiently.

Eighth Joint National Committee

A health initiative that provides evidence-based guidelines for the management of high blood pressure in adults.

Blood Pressure Management

The practice of controlling high blood pressure through lifestyle changes and medication, aimed at reducing the risks of associated health problems.

JNC 8

Eighth version of the Joint National Committee's guidelines on prevention, detection, evaluation, and treatment of high blood pressure.