Which of the Following Statements About Natural Monopoly Is Correct

question 290

Multiple Choice

Which of the following statements about natural monopoly is correct?

• A) Governments regulate natural monopolies in order to ensure that costs of production are minimized.
• B) Governments regulate natural monopolies in order to ensure that the firm earns a normal profit.
• C) Governments regulate natural monopolies in order to prevent them from making profits.
• D) Governments regulate natural monopolies in order to keep their workers from earning wages that are too high.

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Definitions:

Defense Mechanisms

Psychological strategies used unconsciously to protect oneself from anxiety or unacceptable thoughts and feelings.

Neuroses

Refers to a range of psychological disorders characterized by anxiety, depression, or other feelings of unhappiness or distress that are out of proportion to the circumstances of a person's life.

Self-Deceptive Techniques

Self-deceptive techniques are psychological strategies individuals use to deny or rationalize their own behavior, thoughts, and feelings to protect their self-esteem or avoid facing uncomfortable truths.

Psychosis

A mental disorder characterized by a disconnection from reality, which might include delusions, hallucinations, and disordered thinking.