Metropolitan Power and Light is a monopoly in the electrical generation and distribution industry. Since it does not face any competition in its industry, it has become quite lax in research and development and has not made any improvements to its efficiency. It also spends lavishly on its corporate retreats because it has a high level of guaranteed profits every year. Its actions are an example of:
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Home » Business » Metropolitan Power and Light is a monopoly in the electrical generation and distribution industry. Since it does not face any competition in its industry, it has become quite lax in research and development and has not made any improvements to its