There Is an Inherent Tendency of a Monopoly Industry to

question 114

Multiple Choice

There is an inherent tendency of a monopoly industry to

• A) Lower prices and increase output.
• B) Inhibit productivity advances.
• C) Increase innovation.
• D) Use minimum average cost pricing.

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Definitions:

Impulses

Sudden, involuntary inclinations to act or respond to something without conscious thought.

Guilt

A feeling of responsibility or remorse for some offense, crime, wrong, whether real or imagined.

Antisocial

Behaviors that go against social norms and can harm or lack consideration for the well-being of others.

Hurtful Behavior

Actions or words that cause distress or pain to another person, whether intentional or unintentional.