Which of the Following Is TRUE

question 40

Multiple Choice

Which of the following is TRUE?

• A) Monopolies produce too much and charge too much from the standpoint of efficiency.
• B) Monopolies usually are economically efficient because they have economic profits with which to work.
• C) Monopolies produce too little and charge too much from the standpoint of efficiency.
• D) Monopolies cause an efficiency problem but are not associated with a deadweight loss.

---

Definitions:

Color Bar

refers to the system of racial segregation or discrimination preventing people of color from participating in various activities or accessing services.

Industrialists

Entrepreneurs and business owners who played a significant role in the development and growth of industries, typically during the Industrial Revolution.

Regulatory Laws

Statutes designed to control or govern conduct in various areas, including business practices, environmental protection, and public health and safety.

Big Corporations

Large and influential companies that have a significant impact on the economy and society.