Which of the Following Statements Is TRUE? I

question 78

Multiple Choice

Which of the following statements is TRUE? I. Government ownership is a potential solution to the natural monopoly problem. II. Regulated monopolies have little incentive to reduce costs, as they simply pass the higher costs on to consumers III. Government ownership of utilities worked well for several decades.

• A) I only
• B) II only
• C) I and II only
• D) I, II, and III.

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