Which of the Following Is Most Likely to Contribute to the Presence

question 41

Multiple Choice

Which of the following is most likely to contribute to the presence of monopoly in an industry?

• A) economies of scale
• B) an elastic market demand for the product produced by the industry
• C) inefficiency due to bureaucratic decision-making procedures in the industry
• D) controlling over 50 percent of the market

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Definitions:

Integrity

The quality of being honest and having strong moral principles, including the consistency of actions, values, methods, measures, principles, expectations, and outcomes.

Disclose

To reveal or make known information, especially that which was previously secret or confidential.

Defect

A shortcoming, fault, or imperfection in a product or service that fails to meet quality standards.

Social Performance

refers to an organization's management and measurement of its social activities, aiming to maximize positive impacts on society.