A benefit of a monopoly is
A)efficient production.
B)decreasing long-run marginal costs.
C)profit that can be invested in research and development.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

A benefit of a monopoly is that it can earn substantial profits, which can be invested in research and development. This can lead to innovation and new products or services, benefiting both the company and the economy as a whole. While efficient production and decreasing long-run marginal costs are not typically associated with monopolies, the ability to invest in research and development can be a significant advantage.

A Benefit of a Monopoly Is