Which of the Following Is a Consequence of a Monopoly

question 65

Multiple Choice

Which of the following is a consequence of a monopoly?

• A)An expansion of output beyond the efficient level
• B)A redistribution of income from consumers to producers
• C)A fall in price below the efficient level
• D)An increase in the total surplus in the market

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Definitions:

"Significant" Findings

In research, findings that are statistically significant indicate that the results observed are unlikely to be due to chance, suggesting a meaningful effect or relationship.

Flukes

Unpredictable events of chance or luck, especially those leading to a favorable outcome.

Dependent Variable

In an experiment, it is the variable being tested and measured, and it is expected to change as a result of manipulations to the independent variable(s).

Interpersonal Skills

The abilities used by a person to interact effectively with others, such as communication, empathy, and conflict resolution.