Government Actions That Create Monopolies

question 39

Multiple Choice

Government actions that create monopolies

• A) spur product innovation by the monopoly.
• B) create deadweight loss.
• C) result in lower average costs of production.
• D) ensure that firms price at marginal cost.

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Definitions:

Communication Competency

The ability to effectively transmit, receive, and interpret ideas, information, and feelings through verbal and non-verbal means.

Incivility

Rude or unsociable speech or behavior that violates workplace norms for mutual respect.

Rude

Describing behavior or speech that is impolite, disrespectful, or discourteous to others.

Paycuts

Reductions in an employee's salary or wages, often implemented as a cost-saving measure or in response to economic downturns.