Describe How Government Is Involved in Creating a Monopoly

question 46

Essay

Describe how government is involved in creating a monopoly. Why might the government create one? Give an example.

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Definitions:

Self-Fulfilling Prophecy

A prediction that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Diffusion Of Responsibility

A sociopsychological phenomenon where individuals are less likely to take action or feel a sense of responsibility in the presence of a large group of people.

Likert Scale

A psychometric scale commonly used in questionnaires to gauge attitudes, values, or responses, where participants specify their level of agreement to a statement.

Personal Attribution

A psychological concept referring to how individuals explain causes of behavior and events, often attributing them to personal characteristics rather than external circumstances.