Solved

Many Economists Believe That Competition Is Preferable to Monopoly

Question 11

Multiple Choice

Many economists believe that competition is preferable to monopoly:


A) because competition allocates resources more efficiently than monopoly does.
B) because diffuse economic power leads to more diffuse political power.
C) because competition yields a greater variety of goods and services.
D) regardless of the costs of de-concentrating a concentrated industry.
E) because monopolies tend to pay too little in taxes.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents