Monopolies result in an overuse of resources and a rise in total income.

Name: Monopolies result in an overuse of resources and a rise in total income.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Monopolies tend to restrict output and charge higher prices, leading to a decrease in total consumption and income. Additionally, monopolies can limit innovation and impede the development of new technologies and products. Therefore, they do not result in an overuse of resources and a rise in total income.

Monopolies Result in an Overuse of Resources and a Rise