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Author Question: Which of the following is not a criticism sometimes leveled at monopolies? a. A monopoly promotes ... (Read 251 times)

Kthamas

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on: Jun 30, 2018
Which of the following is not a criticism sometimes leveled at monopolies?
 a. A monopoly promotes inefficiency.
 b. A monopoly creates a welfare loss.
 c. A monopoly retards innovation.
 d. A monopoly leads to improved economies of scale in production.

Question 2

Which of the following tools of commercial policy acts as a quantitative restriction on imports?
 a. Tariff
  b. Subsidy
  c. Health and Safety regulations
  d. Quota
  e. Government procurement


millet

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


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