Which of the following statements is TRUE?
A) Monopolized economies lead to more poverty and less economic growth.
B) Competitive market economies lead to higher prices for everyone.
C) Social prosperity is typically the result of government- created monopolies.
D) Business leaders in the United States are more self- interested than business leaders in lesser-developed nations.

Question

Quizplus · Accepted Answer

Monopolized economies limit competition and allow a single entity to control prices and supply, leading to less economic growth and potentially higher poverty rates.

Which of the Following Statements Is TRUE