There Is an Inherent Tendency of a Monopoly Industry to

question 114

Multiple Choice

There is an inherent tendency of a monopoly industry to

• A) Lower prices and increase output.
• B) Inhibit productivity advances.
• C) Increase innovation.
• D) Use minimum average cost pricing.

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Definitions:

Public Accountability

The obligation of organizations or individuals to explain their decisions and actions to the public and to take responsibility for them.

Organizational Stakeholders

Individuals or groups that have an interest or concern in the performance and decisions of an organization, such as employees, customers, suppliers, and investors.

Role Senders

Individuals or groups that have expectations about the behavior and performance of others in specific positions.

Directly Affected

Individuals or entities that experience the immediate consequences or benefits of an action or decision.