If a Natural Monopoly Was Forced to Break Up into Several

question 2

Multiple Choice

If a natural monopoly was forced to break up into several small competitive firms,the

• A)Cost of production should fall as the smaller firms become more efficient.
• B)Price charged by the competitive firms should decrease as the firms become more efficient.
• C)Price charged by the competitive firms should increase because they no longer have economies of scale.
• D)Total production for the industry should increase because of the efficiency generated by increased competition.

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Definitions:

Intervention Program

A structured program designed to help individuals change behaviors and processes that are detrimental to their well-being.

Status Offenses

Behaviors that are considered violations of law only because of the age of the offender, such as truancy or underage drinking.

Juvenile

A young person or animal, especially one that has not yet reached maturity.

Psychotherapy Outcome

The result or consequence of a psychotherapy treatment, often measured in terms of client satisfaction, symptom reduction, or improved quality of life.