Asked by
Cristin Payne
on Dec 17, 2024Verified
Which of the following can eliminate the inefficiency inherent in monopoly pricing?
A) Arbitrage
B) Cost-plus pricing
C) Price discrimination
D) Regulations that force monopolies to reduce their levels of output
Inefficiency
The lack of optimal use of resources, resulting in lost potential output or increased costs.
Monopoly Pricing
Pricing strategies employed by a monopoly, where a single firm controls the entire market for a good or service and can influence prices.
- Examine the positive and negative social impacts resulting from monopolistic practices.
- Grasp the role of government and antitrust laws in regulating monopolies and promoting competition.
Verified Answer
SL
Learning Objectives
- Examine the positive and negative social impacts resulting from monopolistic practices.
- Grasp the role of government and antitrust laws in regulating monopolies and promoting competition.