Possible Benefits of a Monopoly Include Which of the Following

question 15

Multiple Choice

Possible benefits of a monopoly include which of the following (choose all that apply) ?

• A)a savings of fixed costs because only one firm supplies quantity demanded.
• B)greater opportunities for research due to long-run positive economic profits.
• C)government regulation is more effective because the firm is "too big to fail."
• D)goods and services are provided at a lower price than under perfect competition because of a monopoly's decreasing average cost curve.

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Definitions:

Career Development

The process of managing one's work experience, learning, and skills over the course of a lifetime to advance professionally.

Donald Super

A psychologist known for his theories on career development, emphasizing the importance of self-concept in occupational choice and satisfaction.

Donald Super

A psychologist renowned for his development of the "Life-Span, Life-Space" theory, which regards career development as a lifelong process.

Career Development

The perpetual endeavor of guiding one's learning, professional life, recreational pursuits, and shifts in circumstances to advance towards a personally envisioned and dynamic future goal.