A Key Element to Preserving a Monopoly Is

question 35

Multiple Choice

A key element to preserving a monopoly is:

• A)government subsidization of critical enterprises.
• B)keeping potential rivals out of the market.
• C)guaranteeing the availability of substitute products.
• D)increased advertising expenditures.

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Definitions:

Dissonance

A psychological conflict resulting from incongruous beliefs and attitudes held simultaneously.

Cognitions

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.

Incongruent

Referring to situations or elements that are not consistent or in harmony with each other.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.