One Problem with Government Operation of Monopolies Is That

question 29

Multiple Choice

One problem with government operation of monopolies is that

• A)a benevolent government is likely to be interested in generating profits for political gain.
• B)monopolies typically have rising average costs.
• C)the government typically has little incentive to reduce costs.
• D)a government-regulated outcome will increase the profitability of the monopoly.

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Definitions:

Apartheid

A policy or system of segregation or discrimination on grounds of race, especially as practiced in South Africa from 1948 to 1994.

White Superiority

The belief or ideology that white people are superior to those of all other races, especially the black race, and should therefore dominate society.

Social Rank

A hierarchical position within a society based on factors like wealth, occupation, education, and lineage.

Caste System

A traditional social stratification system observed within certain cultures, notably in India, defined by hereditary classes.