Which of the Following Can Eliminate the Inefficiency Inherent in Monopoly

question 279

Multiple Choice

Which of the following can eliminate the inefficiency inherent in monopoly pricing?

• A)arbitrage
• B)cost-plus pricing
• C)price discrimination
• D)regulations that force monopolies to reduce their levels of output

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Definitions:

Strategic Alliances

Business agreements between two or more companies to work together toward achieving mutually beneficial strategic goals.

IT and Internet

The study and application of systems for storing, retrieving, and sending information through computers and telecommunication devices.

Bureaucracy

A system of government or business that is characterized by fixed rules, a hierarchy of authority, and a complex structure of administration and control.

Worker Empowerment

Strategies and practices that give employees authority and power to make decisions and contribute to the company's success.