Question

1. Pure monopoly: a. has never existed b. is an economic model c. is the best option for capitalism d. is the best option for socialism 2. the prices producers charge to cover the cost of supply may be seen on a: a. television economic update b. trade journal c. index table of interest rates d. supply curve 3. in a competitive free market (i.e., perfect market) buyers and sellers do not have to: a. pay for things that others enjoy b. sell goods cheap c. feel tax oppression from the government d. do their own taxes 4. One of the most significant disadvantages of a monopoly is: a. oligarch capitalization b. no competition from international markets c. price wars d. high prices charged 5. D Ram prices in the U.S. were _____ in Dec-01 a. close to $1 b. better than those in potato sales c. not comparable to those of Vietnamese markets d. fixed 6. Pressure, rationalization, and opportunity help indicate issues that lead to: a. NYPD law investigation b. forensic dissecting of butterflies c. price fixing d. background checks 7. The U.S. has an extensive history of a. successful battles b. ethics in every industry c. ethics in India d. legislation dealing with antitrust 8. mixed economies rely on _______ to help with their deficiencies : a. governmental policy b. their citizens c. good business practices d. ethical behavior 9. which is a main view on how to address monopoly issues: a. regulation b. government war c. move to a different place d. competition above all. 10. Monopoly hinders: a. incentives to come up with new technology. b. all things true of a commercial enterprise c. governmental accounting efficiency d. socialism and Marxism.

Answer 1

1. b. is an economic model

2. d. supply curve

3. a. pay for things that others enjoy

4. d. high prices charged

5. a. close to $1

6. c. price fixing

7. d. legislation dealing with antitrust

8. a. governmental policy

9. a. regulation

10. b. all things true of a commercial enterprise

Step-by-step explanation:

Monopoly is a market structure that exists where there is a single seller, selling a single product or service to many buyers with complete control of the market. This situation confers on the seller an economic advantage to the detriment of the overall economy, including market inefficiencies due to the absence of competition. There are many variants to monopoly, including pure monopoly, natural, and monopolistic competition.