In States Where the Government Runs Liquor Stores,the Monopoly Results

question 245

Multiple Choice

In States where the government runs liquor stores,the monopoly results from

• A) economies of scale.
• B) legal restrictions.
• C) control of an essential resource.
• D) patents.
• E) public fear.

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Definitions:

Bias

A tendency, inclination, or prejudice towards or against something or someone, often in a way considered to be unfair.

Anchoring

Tendency to rely heavily on one prior (suggested) piece of information when making a decision.

Decisions

The process of making choices among various alternatives to achieve a desired outcome.

Suggestions

Recommendations or pieces of advice aimed at proposing a course of action.