which of the following statements is/are true of monopolies?\na) they force a customer to purchase from one…

which of the following statements is/are true of monopolies?\na) they force a customer to purchase from one company\nb) they discourage innovation\nc) they keep substandard products off the market\nd) a and b\ne) a, b, and c\nquestion 4 (1 point)\nwho was the inventor who learned how to convert iron into steel?\nthomas edison\ncyrus field\nhenry bessemer\nandrew carnegie\nwilliam russell

which of the following statements is/are true of monopolies?\na) they force a customer to purchase from one company\nb) they discourage innovation\nc) they keep substandard products off the market\nd) a and b\ne) a, b, and c\nquestion 4 (1 point)\nwho was the inventor who learned how to convert iron into steel?\nthomas edison\ncyrus field\nhenry bessemer\nandrew carnegie\nwilliam russell

Answer

Brief Explanations:

For the first question, in a monopoly, there is only one - seller in the market, so customers are forced to buy from that one company. Also, monopolies may have less incentive to innovate as they face no competition. They do not necessarily keep sub - standard products off the market. For the second question, Henry Bessemer developed a process to convert iron into steel.

Answer:

Question 3: d) a and b Question 4: Henry Bessemer