Which Statement Is True

question 116

Multiple Choice

Which statement is true?

• A)Monopolies tend to be inefficient.
• B)Most industries in the United States are monopolies.
• C)All electric power companies are natural monopolies that do not have any type of competition.
• D)Although big business has great economic power,that power is rarely translated into political power.

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Definitions:

Number

A number is a mathematical object used to count, measure, and label; fundamental in mathematics for various operations and analyses.

Persons

Human beings considered individually or collectively, often used in legal and formal contexts to refer to individuals.

Long-Run Equilibrium

A state in economic models where all factors of production can be adjusted, and no economic forces are prompting change, resulting in stable prices, output, and resource allocation.

Club Meeting

An organized gathering of members of a club or organization, typically for discussing matters of common interest.