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:

Income Statement

A report indicating a business's income, outgoings, and net earnings during a defined timeframe.

Income Tax Expense

The amount of money a company or individual owes to the government based on their taxable income for a given period.

Other Revenues

Income generated from activities that are not part of a company's primary operations, such as rental income, interest income, or gains from the sale of fixed assets.

Earnings Per Share

A financial metric calculating the portion of a company's profit allocated to each outstanding share of common stock.