According to Schumpeter ?

Monopoly 01/05/2020

A. Monopolies are inefficient
B. Monopoly profits ac as an incentive for innovation
C. Monopolies are alocatively efficient
D. Monopolies are productively efficient

Related Mcqs:

    X inefficiency occurs when ?
    A. The price is greater than the marginal cost B. The price is greater than the average cost C. Costs are higher than they could be due to a lack of competitive pressure D. There are external cost...
    Barriers to entry do not include ?
    A. Patents B. Internal economies of scale C. Mobility of resources D. High investment costs...
    In monopoly which of the following is true ?
    A. There are many buyers and sellers B. There is one main buyer C. There is one main seller D. The actions of one firm do not affect the market price and quantity...
    Which of the following is a characteristic of pure monopoly ?
    A. One seller of the product B. low barriers to entry C. close substitute products D. perfect information...
    This monopolist should produce ?
    A. 1 B. 2 C. 3 D. 4 E. 5...

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