Which of the following is not a criticism sometimes leveled at monopolies?
A) A monopoly promotes inefficiency.
B) A monopoly creates a welfare loss.
C) A monopoly retards innovation.
D) A monopoly leads to improved economies of scale in production.

Question

Quizplus · Accepted Answer

Economies of scale refer to the cost advantages of a company producing on a large scale. Monopolies, due to their ability to control prices and limit competition, may indeed benefit from improved economies of scale. This is not usually considered a criticism of monopolies but rather a potential benefit. Therefore, choice D is the correct answer.

Which of the Following Is Not a Criticism Sometimes Leveled