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:

Production Code

A set of industry moral guidelines that was applied to most United States motion pictures released by major studios from 1930 to 1968, also known as the Hays Code.

Self-censorship

The act of censoring or withholding one's own speech or written work to avoid offending others or infringing upon standards of propriety.

Catholic Legion of Decency

A Roman Catholic organization founded in 1933 that rated films based on their moral content, influencing the viewing habits of American Catholics.

Lucille Fay LeSeur

The birth name of Joan Crawford, a legendary American film and television actress known for her dramatic roles and career longevity.