Monopoly MadnessVersión en línea In this game, you will be presented with various terms related to economics and monopolies. Your task is to determine whether each term is associated with monopolies or not by answering ✅ or ❌. por sarah ayyad 1 Monopolies do not engage in price discrimination. Yes No 2 Monopolies can lead to higher prices for consumers. Yes No 3 Monopolies always lead to lower prices for consumers. Yes No 4 Monopolies cannot earn economic profit. Yes No 5 Monopolies have no influence on market prices. Yes No 6 Monopolies cannot benefit from economies of scale. Yes No 7 Perfect competition is a type of monopoly. Yes No 8 Monopolies can be regulated by government authorities. Yes No 9 Monopolies do not restrict output to increase prices. Yes No 10 Monopolies can restrict output to increase prices. Yes No 11 Monopolies have significant market power. Yes No 12 Monopolies can earn economic profit in the long run. Yes No 13 Monopolies do not invest in research and development. Yes No 14 Monopolies often have barriers to entry. Yes No 15 Perfect competition leads to efficient outcomes. Yes No 16 Monopolies can invest in research and development. Yes No 17 Monopolies can benefit from economies of scale. Yes No 18 Monopolies may engage in price discrimination. Yes No 19 Monopolies have no barriers to entry. Yes No 20 Monopolies are never regulated by government authorities. Yes No
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