The Two Alternative Ways of Promoting Better Outcomes When a Natural

question 243

Multiple Choice

The two alternative ways of promoting better outcomes when a natural monopoly exists are

• A)subsidy and taxation.
• B)public ownership and regulation.
• C)pricing and incorporation.
• D)breaking and merging.

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Definitions:

Seniority Systems

Employment practices that prioritize job benefits and promotions based on the length of an individual's service or tenure.

Employment-at-will Doctrine

A legal principle that allows either the employer or the employee to terminate employment at any time without reason, as long as it is not illegal.

Contract Law

The branch of law that deals with agreements between parties, their rights, and obligations.

Tort Law

A branch of civil law dealing with situations where someone's wrongful conduct causes harm to another person, entitling the injured person to compensation.