Monopoly Profit Is Not a Social Problem Because

question 435

Multiple Choice

Monopoly profit is not a social problem because

• A)the size of the economic pie grows when monopoly profits increase.
• B)producers are more efficient than consumers.
• C)the profit represents a transfer from the consumer to the producer with no loss in total surplus.
• D)None of the above are correct.

---

Definitions:

American Revolution

The political and military conflict between the thirteen American colonies and Great Britain from 1775 to 1783, resulting in the independence of the colonies and the formation of the United States.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis. It was the deadliest conflict in human history.

Wartime Agencies

Organizations created during times of war to oversee production, ration goods, and manage other aspects of the home front.