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If an Inefficient Public Monopoly Cannot Provide a Service at a Price

Question 2

Multiple Choice

If an inefficient public monopoly cannot provide a service at a price that sufficient numbers of people are willing to pay it:


A) can remain in operation by covering its losses with revenue from taxes.
B) must shut down and leave the industry in the long run.
C) should expand operations until demand is satisfied.
D) will seek out more efficiencies.

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