One Problem with Government Operation of Monopolies Is That

question 29

Multiple Choice

One problem with government operation of monopolies is that

• A)a benevolent government is likely to be interested in generating profits for political gain.
• B)monopolies typically have rising average costs.
• C)the government typically has little incentive to reduce costs.
• D)a government-regulated outcome will increase the profitability of the monopoly.

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