One possible benefit of a monopoly is
A) a more efficient allocation of resources; only one firm is needed to supply quantity demanded.
B) greater opportunities for research due to long-run positive economic profits.
C) the government is better able to ensure that it follows laws and guidelines because there is only one firm to monitor.
D) goods and services are provided at a lower price than under perfect competition because of a monopoly's decreasing average cost curve.
Correct Answer:
Verified
Q1: A price discriminating monopolist having identical costs
Q2: All of the following might explain a
Q4: All monopolies exist because of
A)firms' desire to
Q5: Which of the following is not a
Q9: A monopoly's economic profits are represented by
A)[price
Q12: For the practice of price discrimination to
Q18: If a monopoly is maximizing profits:
A)price will
Q20: The supply curve for a monopoly is
Q23: The "deadweight loss" from a monopoly refers
Q27: If the government requires a natural monopoly
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