The United States Post Office
A) has a monopoly in the provision of first-class mail service.
B) can safely ignore the prices for mail services charged by its rivals such as FedEx and UPS.
C) is an example of a monopoly that results from the ownership of a key resource: first class mail service.
D) faces no competition for its mail services.
A
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Why might a union find that attaining the goal of employing all its members and the goal of maximizing total union wage receipts to be incompatible objectives?
What will be an ideal response?
Which of the following groups is engaging in rent seeking?
a. Karst Salvage, a non-profit that accepts donations to educate people about the importance of caves b. Safer Rides, a group that lobbies elected officials to get safety features added to cars c. Daring Drones, a group that makes donations to officials hoping to get permits to fly in restricted areas d. Long-time Logging, which donates money to campaigns of politicians who promise to help preserve forests