Which of the Following Is an Important Side Effect of Government

question 16

Multiple Choice

Which of the following is an important side effect of government licensing and other grants of monopoly power?

• A) The number of options available to consumers is increased.
• B) Competition is enhanced.
• C) Firms will produce more efficiently.
• D) Rent-seeking is encouraged.

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Definitions:

Japanese Society

The social structure, cultural norms, and practices of the people living in Japan.

Ethnic Succession

A theory suggesting that ethnic and racial minority groups follow a sequence of steps leading from outsider status to assimilation.

Organized Crime

Illegal activities conducted by organized groups, usually involving the distribution of unlawful goods and services.

Professional Robber

An individual who engages in theft or robbery as a primary occupation, often demonstrating skill, planning, and organization in executing crimes.