Monopolists Are Criticised Because They Are Inefficient

question 48

Multiple Choice

Monopolists are criticised because they are inefficient. What is meant by this statement?

• A) Monopolists charge too high a price.
• B) Monopolists don't innovate enough to control pollution.
• C) Monopolists produce a large quantity of waste.
• D) Monopolists usually don't produce at the minimum of the ATC.

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Definitions:

Sphincter Urethrae

A muscle that controls the flow of urine from the bladder through the urethra, contributing to urinary continence.

External Abdominal Oblique

A muscle in the abdomen that forms part of the abdominal wall, helping in the rotation and lateral flexion of the torso and assisting in forced respiration.

Transversus Abdominis

A major muscle of the abdominal wall that helps to compress abdominal contents, contributing to core stability and posture.

Rectus Abdominis

A long muscle of the abdomen that assists in respiratory movements and stabilizes the core.