A Benefit of a Monopoly Is

question 79

Multiple Choice

A benefit of a monopoly is

• A)efficient production.
• B)decreasing long-run marginal costs.
• C)profit that can be invested in research and development.
• D)All of the above are correct.

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Definitions:

Tax System

The structured way in which taxes are imposed in a country, including the collection of taxes from individuals and businesses.

Progressive

Referring to a tax system in which the tax rate increases as the taxable amount increases, leading to higher earners paying a higher percentage of their income in taxes.

Regressive

A term often used to describe a tax system where the tax rate decreases as the taxable amount increases, effectively placing a greater burden on those with lower incomes.

Benefits-Received Principle

An approach to funding public goods and services where payments are made by those who benefit from them, matching payment to benefit received.