In comparison to perfect competition, monopoly
A. reduces the motivation to make a profit.
B. motivates greater quality innovation.
C. motivates greater cost saving by management.
D. reduces the motivation to innovate.
Answer: D
You might also like to view...
The financial institutions in our banking system are all in the business of transferring funds from savers to investors. This process is known as
A) financial intermediation. B) money laundering. C) parachuting. D) lobbying.
Which of the following factors makes the official unemployment rate an overstatement of the actual level of unemployment in the economy?
a. Inclusion of discouraged workers b. Inclusion of those only working part time c. Inclusion of those who are overqualified for their current jobs d. Inclusion of those who are marginally attached to the labor force e. Inclusion of those who pretend to look for work in order to qualify for welfare programs