The Economic Problem with Monopolistic Industries Is That

question 128

Multiple Choice

The economic problem with monopolistic industries is that:

• A) they charge too high of prices.
• B) not enough resources move into the industry, leaving output too low.
• C) profits are too low.
• D) profits are too high.

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Definitions:

Range of Motion

The full movement potential of a joint, usually its range of flexion and extension; important for flexibility and health.

Synchondrosis

A type of cartilaginous joint where bones are joined by hyaline cartilage, allowing for bone growth or slight movement.

Gomphosis

A gomphosis is a type of fibrous joint that anchors a tooth to its socket in the jawbone.

Growing Long Bone

Refers to the process of lengthening in bones of the skeleton during childhood and adolescence through the activity at growth plates.