Which of the Following Is Not a Criticism of Monopolies

question 75

Multiple Choice

Which of the following is not a criticism of monopolies?

• A)They restrict output.
• B)They set price above the perfectly competitive level.
• C)They tend to be less innovative than firms in a competitive market.
• D)They exert a disproportionate amount of political influence.
• E)They reduce allocative efficiency through perfect price discrimination.

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Definitions:

Primary Beneficiary

The main individual or entity intended to receive the benefits from a trust, insurance policy, or other fiduciary arrangement.

Fair Value

An estimation of the market value of an asset or liability based on current market conditions.

Non-Controlling Interest

A share in the equity of a subsidiary not owned by the parent company, representing outside ownership interest in the subsidiary.

Canadian GAAP

Generally Accepted Accounting Principles in Canada, a set of accounting standards and procedures used to compile financial statements in Canada.