One Problem with Government Operation of Monopolies Is That

question 29

Multiple Choice

One problem with government operation of monopolies is that

• A)a benevolent government is likely to be interested in generating profits for political gain.
• B)monopolies typically have rising average costs.
• C)the government typically has little incentive to reduce costs.
• D)a government-regulated outcome will increase the profitability of the monopoly.

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Definitions:

Permanent Nature

Implies a characteristic or condition that is enduring and not subject to change.

Passive Euthanasia

The act of allowing a person to die by withholding or withdrawing medical treatment that would extend their life.

Bereaved Child

A child who has experienced the death of a close family member or friend, which can significantly impact their emotional and psychological well-being.

Euphemisms

Mild or indirect words or expressions substituted for ones considered harsh or blunt when referring to something unpleasant or embarrassing.