Economists Consider Monopolists

question 51

Multiple Choice

Economists consider monopolists

• A)to be efficient, since they earn greater profits than perfect competitors.
• B)to be inefficient since all consumer surplus is transferred to the monopolist in the form of profits.
• C)to be inefficient since they earn less producers' surplus than all firms taken together in a competitive market.
• D)to be inefficient since the monopolist restricts output from the competitive level, thus creating dead-weight loss.

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Definitions:

Neurotransmitter Systems

Networks of neurons that communicate using specific chemicals to transmit signals in the brain and body.

Diathesis

A vulnerability or predisposition to developing a particular disorder or condition, often influenced by genetic and environmental factors.

Predisposition

An inherent inclination or susceptibility towards particular conditions or behaviors, often related to genetics or environmental factors.