It Would Be Inefficient to Break Up a ________ Monopoly

question 238

Multiple Choice

It would be inefficient to break up a ________ monopoly.

• A) government created
• B) price‐fixing
• C) cartelized
• D) natural

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Definitions:

Marginal Benefit

The additional satisfaction or value gained from consuming or producing one more unit of a good or service.

Marginal Cost

The cost added by producing one additional unit of a product or service.

Marginal Analysis

An examination of the additional benefits of an activity compared to the additional costs incurred by that same activity.

Additional Costs

Expenses that are not initially planned or anticipated, which can arise during the course of a project or as part of an operation.