If a Firm Is a Natural Monopoly, Society Will Benefit

question 97

True/False

If a firm is a natural monopoly, society will benefit if it is broken into several small companies.

---

Definitions:

Job-Related Criteria

The standards or qualifications required for performing a specific job, including skills, experience, and education.

Halo Effect

A cognitive bias where an individual's overall impression influences their judgment about specific traits or abilities.

Personal Opinion

An individual’s view or judgment formed about something, not necessarily based on fact or knowledge.

Contrast Error

A bias in performance appraisal that occurs when evaluations are influenced by comparing employees against each other instead of against objective standards.