Lazy monopolists are characterized by the tendency to:
A) maximize profits at the cost of losing market share.
B) pay too much to protect their monopoly positions.
C) earn enough profits to keep their shareholders happy without trying too hard to hold costs down.
D) minimize losses so that the dividends of shareholders are maximized.

Question

Quizplus · Accepted Answer

Lazy monopolists are known for earning sufficient profits to satisfy shareholders without aggressively minimizing costs or maximizing efficiency, often leading to complacency.

Lazy Monopolists Are Characterized by the Tendency To