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:

Skeptical Audience

A group of people who may doubt or question the validity of the information presented to them.

Euphemism

A mild or indirect word or expression substituted for one considered to be too harsh or blunt when referring to something unpleasant or embarrassing.

Negative Connotations

The association of words or phrases with negative feelings, attitudes, or judgments.

Culturally Inappropriate

Actions, expressions, or materials that are offensive or disrespectful to a particular culture's norms, values, or beliefs.