One problem with government operation of monopolies is that the government typically has little incentive to reduce costs.
<h3>What is a monopoly?</h3>
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. The demand curve is downward sloping. A monopoly sets the price for its goods and services.
An example of a monopoly is a utility company
Here is the complete question:
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. the government typically has little incentive to reduce costs. C. a government-regulated outcome will increase the profitability of the monopoly. d. monopolies typically have rising average costs.
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Answer:
control
Explanation:
governance is the action or manner of governing.
Answer: coupon rate is greater than its yield to maturity
Explanation: This is because investors are interested in high yield and will not mind paying for it in other to get a higher payment from coupon.
In response to the US income distribution trend towards LOW AND HIGH INCOME, Levi Strauss introduced ........................
Levi Strauss introduce two different products, one for the high income class and the other for the low income class, thus ensuring that he serves the people in both groups.
