Under a Monopoly, Resources Are Misallocated Such That

question 246

Multiple Choice

Under a monopoly, resources are misallocated such that

• A) too few resources are used in other industries, and too many are used by the monopoly.
• B) too few resources are used by the monopoly, and too many are used elsewhere.
• C) resources are being used as efficiently as possible only by the monopoly.
• D) consumers are being forced to pay a price below the MC of the monopolist.

---

Definitions:

American Midwest

A geographic region in the United States known for its agricultural industry, consisting of states in the central and northern parts of the country.

Pineapple

A tropical fruit with a tough, spiky exterior and sweet, juicy interior, known for its distinctive taste.

Kiwi

A flightless bird native to New Zealand, known for its small size and long beak.

Implicit Learning

The process of learning complex information in an incidental manner, without awareness of what has been learned.