A Disadvantage of a Government-Owned Monopoly Is That the Firm

question 99

Multiple Choice

A disadvantage of a government-owned monopoly is that the firm:

• A) has access to subsidies.
• B) will most likely produce the optimal amount.
• C) will be well run.
• D) has no profit motive and therefore may become inefficient.

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Definitions:

Limbic System

An intricate network of neural pathways in the brain, responsible for fundamental emotions like pleasure and fear, as well as basic instincts like sexual drive and the need for food.

Sexual Behavior

Actions or practices related to the expression of sexuality, including activities, preferences, and orientations.

Hypothalamus

A region of the brain responsible for the production of many of the body's essential hormones, influencing hunger, thirst, sleep, and mood.

Limbic System

A complex system of nerves and networks in the brain, associated with emotions, memories, and arousal.