A Consequence of a Publicly-Owned Natural Monopoly Is

question 58

Multiple Choice

A consequence of a publicly-owned natural monopoly is:

• A)the loss of the profit motive.
• B)an increase in the motivation to improve efficiency.
• C)increased public pressure to reduce costs.
• D)reduced likelihood to remain open longer than political terms of office.

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Definitions:

Limited Partners

Limited partners are investors in a partnership with limited liability to the debts of the partnership, and whose involvement in management is restricted by law.

General Partner

An owner of a partnership who has unlimited personal liability for the debts and obligations of the partnership.

Limited Liability Limited Partnership

A form of partnership that offers limited liability to some partners (limited partners) and allows others (general partners) to operate the partnership with limited liability as well.

General Partners

Individuals in a partnership who are responsible for managing the business and are personally liable for its debts.