Which of the Following Governmental Actions Would Eliminate Some or All

question 70

Multiple Choice

Which of the following governmental actions would eliminate some or all of the inefficiency that results from monopoly pricing?

• A)Policymakers can regulate prices that the monopoly charges.
• B)Prohibit the monopoly from price discriminating.
• C)Force the monopoly to operate at a point where its marginal revenue is equal to its marginal cost.
• D)There is nothing the government can do to eliminate any inefficiency associated with a monopoly.

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Definitions:

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A formal display or demonstration of a subject, often involving spoken words and visual aids, to convey information to an audience.

Personal-Selling Process

a direct marketing approach where salespersons use personal contact with potential buyers to understand their needs and offer solutions in the form of products or services.

Customer Satisfaction

A state that is achieved when companies meet the needs and expectations customers have for their goods or services.

Long-Term Sales

Sales strategies focused on achieving sustained revenue growth over an extended period rather than immediate gains.