A benefit of a monopoly is
A)lower prices.
B)a wide variety of similar products.
C)decreasing long-run average total costs.
D)greater creativity by authors who can copyright their novels.

Question

Quizplus · Accepted Answer

A benefit of a monopoly is that it can lead to greater creativity by authors who can copyright their novels, as they have exclusive rights to their work and can earn more profits without competition. However, this benefit may not extend to all industries or products, and in general, monopolies tend to have negative effects on consumers and the overall market.

A Benefit of a Monopoly Is