Government May Allow Monopolies to Exist in Knowledge-Based Industries Because

question 91

Multiple Choice

Government may allow monopolies to exist in knowledge-based industries because:

• A) of relatively low up-front costs.
• B) of relatively high up-front costs.
• C) of the fear of inferior products.
• D) too much competition will result in allocative inefficiency.

---

Definitions:

Personality Trait

Enduring characteristics or tendencies that determine an individual's behavior across various situations and over time.

Job Characteristics Model

A theory that suggests jobs can be designed with specific characteristics (skill variety, task identity, task significance, autonomy, and feedback) to increase job satisfaction and performance.

Experienced Meaningfulness

A psychological state in which an individual feels their work has significance, purpose, or value.

Job Feedback

is the information provided to an employee about their performance or behavior in relation to their job tasks.