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Without competition, there is a tendency for a government-run or regulated monopoly to: ke

Without competition, there is a tendency for a government-run or regulated monopoly to: ke

Without competition, there is a tendency for a government-run or regulated monopoly to:
keep prices constant.
become inefficient by passing higher costs on to consumers.
find ways to decrease costs so as to increase profits.
become a natural monopoly.

Johnson 10-Nov-2017

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