What Is the Usual Rationale for Governments to Issue Monopoly-Promoting

question 14

Multiple Choice

What is the usual rationale for governments to issue monopoly-promoting licenses to firms providing services such as trash collection?

• A) lower risk for investors in the firms
• B) increased customer choice
• C) better-quality services
• D) economies of scale
• E) public safety

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Definitions:

Union

An association or amalgamation of individuals or groups for a common purpose, often used in the context of labor organizations or the act of joining.

Strike

A strike is a collective action undertaken by workers, refusing to work to enforce demands concerning their employment conditions, such as wages, hours, or benefits.

Vacation Days

Days allocated to an employee on which they are allowed to be absent from work, typically for rest or leisure.

Independent Premises

Refers to arguments where each premise supports the conclusion on its own.