Which of the Following Statements Is Not Correct

question 358

Multiple Choice

Which of the following statements is not correct?

• A)The government may use antitrust laws to prevent a merger if the government believes the merger will reduce competition and increase prices.
• B)By regulating a natural monopoly where price equals average total cost, the monopoly earns zero profits.
• C)An advantage of private ownership over public ownership is that private business owners tend to fire inefficient managers.
• D)The government should always intervene to improve monopoly inefficiency.

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Definitions:

Reflective Thinking

The process of actively and skillfully conceptualizing, applying, analyzing, and/or evaluating information.

John Dewey

An American philosopher, psychologist, and educational reformer whose ideas have been influential in education and social reform.

Active

Engaged in action; not passive.

Persistent

Exhibiting steadfastness and determination in action or belief, often in spite of obstacles or discouragement.