Which of the Following Is Not Consistent with a Monopoly

question 140

Multiple Choice

Which of the following is not consistent with a monopoly industry?

• A) Production and supplies are constrained.
• B) Barriers to entry keep potential competitors out of the market.
• C) There is no pressure to reduce costs or improve product quality.
• D) Many firms produce identical or similar products.

---

Definitions:

Nonunion Representation

Representation of workers' interests in the workplace without the formal structure or support of a labor union.

Quality

The standard of something as measured against other things of a similar kind; the degree of excellence of something.

Productivity

Refers to the efficiency of production in terms of the amount of goods or services produced relative to the inputs used, such as labor and capital.

NLRA

The National Labor Relations Act, US legislation that protects the rights of employees to organize and to bargain collectively with their employers.