One problem with government operation of monopolies isthat a. a benevolent gover

Question

One problem with government operation of monopolies isthat a. a benevolent government is likely to be interested ingenerating profits for political gain. b.monopolies typically have rising average costs. c. the government typically has little incentive to reducecosts. d. a government-regulated outcvom will increase theprofitability of the monopoly. One problem with government operation of monopolies isthat a. a benevolent government is likely to be interested ingenerating profits for political gain. b.monopolies typically have rising average costs. c. the government typically has little incentive to reducecosts. d. a government-regulated outcvom will increase theprofitability of the monopoly.

Explanation / Answer

One problem with government operation of monopolies isthat a. a benevolent government is likely to be interested ingenerating profits for political gain- NO, because it is design tohelp the public thus will be low price and probably not highprofit b.monopolies typically have rising averagecosts- so my best guess would be c. the government typically has little incentive to reducecosts- little care for demands d. a government-regulated outcvom will increase theprofitability of the monopoly- decrease as can be seen in postalsystem to keep the price down to help the public

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