One Problem with Government Operation of Monopolies Is That

question 29

Multiple Choice

One problem with government operation of monopolies is that

• A)a benevolent government is likely to be interested in generating profits for political gain.
• B)monopolies typically have rising average costs.
• C)the government typically has little incentive to reduce costs.
• D)a government-regulated outcome will increase the profitability of the monopoly.

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Definitions:

Rareness

Denotes the scarcity or uniqueness of resources or capabilities within an organization that contribute to its competitive edge.

Attitudes

Established ways of thinking or feeling about someone or something, typically reflected in a person's behavior.

Motivation

The psychological force that drives an individual to pursue goals, perform tasks, and achieve success.

Ethics

The moral choices a person makes.