Without Competition, There Is a Tendency for a Government-Run or Regulated

question 45

Multiple Choice

Without competition, there is a tendency for a government-run or regulated monopoly to:

• A) keep prices constant.
• B) become inefficient by passing higher costs on to consumers.
• C) find ways to decrease costs so as to increase profits.
• D) become a natural monopoly.

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Definitions:

Bodily Kinesthetic

A learning style or intelligence that emphasizes physical movement and the awareness and control of bodily motions.

Intrapersonal

Relating to or within a person's own self, often used in context of internal thoughts, feelings, and communication.

Howard Gardner

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