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A New Incentive System Was Put into Effect at New

question 21

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A new incentive system was put into effect at New Millennium Enterprises six months ago,however it has not increased productivity of the employees.Which of the following would be LEAST likely to account for its ineffectiveness?


Definitions:

Ticket Prices

The cost charged for admission to an event or a journey.

Perfectly Price Discriminate

The practice of a seller charging the maximum possible price that each consumer is willing to pay for a product, rather than charging everyone the same price.

Societal Loss

The total loss in welfare or efficiency that occurs when market equilibrium is not achieved, often due to externalities, monopolies, or other market failures.

Monopoly

A market structure characterized by a single seller who has exclusive control over the supply of a good or service.

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