Which of the Following Statements Is TRUE

question 160

Multiple Choice

Which of the following statements is TRUE?
I. Government ownership is a potential solution to the natural monopoly problem but it stifles innovation.
II. Regulated monopolies have little incentive to reduce costs, as they simply pass the higher costs on to consumers.
III. Government ownership of utilities worked well for several decades.

• A) I only
• B) II only
• C) I and II only
• D) I, II, and III

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Definitions:

Descriptive Drawing

An illustrative representation providing detailed information about the features and dimensions of objects.

Secondary View

An additional viewpoint or projection on technical drawings, providing further detail or a view from another angle for clarity.

Extended View

A type of view in drawing that is used to show internal features of an object that are not visible in a standard view, by 'extending' or cutting open the object.

Inclined Surface

A plane surface set at an angle to a horizontal surface.