Privatization of a State-Owned Monopoly Can

question 49

Multiple Choice

Privatization of a state-owned monopoly can

• A)allow governments to capture future producer surplus.
• B)allow governments to be more efficient.
• C)reduce bribery of government officials.
• D)increases chances of reelection for politicians.

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Definitions:

Deindividuation

A psychological state where an individual loses their self-awareness and sense of individuality, often in group contexts, leading to uninhibited and sometimes antisocial behavior.

Natural Mimicry

The innate or instinctual ability to imitate or reproduce behaviors, sounds, or appearances observed in the environment.

Informational Social Influence

The influence to conform to what we believe others think is correct, often due to the desire or need for accuracy.

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort resulting from holding two or more contradictory beliefs, ideas, or values.