Which of the Following Will Occur If a Natural Monopoly

question 187

Multiple Choice

Which of the following will occur if a natural monopoly is broken into two smaller firms?

• A)The price will drop.
• B)Industry output will increase.
• C)Production costs will increase.
• D)Industry output will decrease.

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Definitions:

Functionalism

A theoretical perspective in sociology that views society as a complex system whose parts work together to promote solidarity and stability, focusing on the social functions of different structures.

Consistent

Refers to something that is characterized by staying the same over time, not changing or varying.

Hegemony

The dominance or leadership of one social group or nation over others, often maintained through ideological or cultural means.

Bourgeois Class

A social class characterized by their ownership of capital and their related culture, habits, and lifestyle, typically contrasted with the working class.