A Disadvantage of Public Ownership of a Monopoly Is That

question 154

True/False

A disadvantage of public ownership of a monopoly is that publicly owned firms have relatively little incentive to keep costs low or offer high-quality products.

---

Definitions:

Well-Being

A positive state that includes feeling good, functioning effectively, and generally being satisfied with life.

Health Psychology

Health Psychology focuses on how psychological, behavioral, and cultural factors contribute to physical health and illness.

Health Empowerment

A process through which individuals gain greater control over decisions and actions affecting their health.

Self-Control

The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.