An advantage of monopoly is that the firm
A) does have the resources to pursue research and development
B) usually charges a low price
C) can hire lobbyists to convince the government it should remain a monopoly
D) can promote inequality in the distribution of income

Question

Quizplus · Accepted Answer

Monopolies often have significant financial resources due to their market power, which allows them to invest in research and development. This can lead to innovations and improvements in products and services.

An Advantage of Monopoly Is That the Firm