Which of the following is false?
A)For a monopolist there are no close substitutes for its product.
B)Large corporations rarely use its vast political power for fear of facing anti-trust lawsuits.
C)To be big is not necessarily to behave badly.
D)A business that would normally be considered competitive can have a local monopoly because its nearest competitors are many miles away.

Question

Quizplus · Accepted Answer

Large corporations frequently engage in lobbying and use their political power to influence laws and regulations in their favor. The fear of facing antitrust lawsuits may deter some companies, but it is not a common reason for them to refrain from using their political power.

Which of the Following Is False