Which of the following is an outcome of a monopoly market?

a. Resources are used in ways that produce shortages, causing prices to be higher.
b. Demand increases because of the scarcity of ownership.
c. Prices are set below equilibrium and profit is made on volume, not cost levels.
d. A perfectly competitive free market is achieved.


Answer: A

Philosophy & Belief

You might also like to view...

The legislation that Minkoff and Paltrow oppose would expand the definition of "child" to include which of the following?

a. The mentally disabled b. Fetuses c. Anencephalic infants d. None of these choices

Philosophy & Belief

Kierkegaard's ethical man is the

a. Prisoner b. Priest c. Judge d. Gentleman

Philosophy & Belief

What category of religious ritual exists that differs from sacrifice and includes actions such as purification or commemorating myths?

a. sacraments b. birth and naming c. death and celebration of life d. passage of time and cycle of seasons

Philosophy & Belief

Decriminalizing suicide demonstrates a positive right to commit suicide if you

wish, according to Wolf.

Indicate whether the statement is true or false.

Philosophy & Belief