Examlex
According to Ulrich Beck, which of the following is more worrisome than the fact that technologies are likely to fail sometimes?
Single-Price Monopoly
A market structure where a single seller sells a unique product in the market and does not charge different prices to different consumers for the same product.
Monopolist's Profits
The excess earnings a monopolist achieves by being the sole provider of a product or service, which allows for pricing above marginal cost.
Price Discrimination
A strategy by a provider to sell the same or almost the same goods or services at various prices in different markets.
Efficiency
The optimal allocation of resources in a way that maximizes productivity or utility.
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