The Private Express Statutes, passed in 1792 and (in amended form) still in effect today, contain federal civil and criminal laws relating to the delivery of mail. The Statutes grant monopoly powers to the U.S. Postal Service. Given the technology available today, the average effect of this monopoly on the price and quality of mail service in the populated parts of the United States is that the ______ because of the monopoly privilege of the USPS.
A) price and quality of service are higher
B) price and quality of service are lower
C) price is higher and the quality of service is lower
D) price is lower and the quality of service is higher

Question

Quizplus · Accepted Answer

The Private Express Statutes grant a monopoly privilege to the USPS, which means that they are the only organization allowed to deliver mail. This lack of competition leads to higher prices, as there is no incentive for the USPS to keep prices low. Additionally, the quality of service may be lower, as there is no competition to push the USPS to improve their services. Therefore, the price is higher and the quality of service is lower because of the monopoly privilege of the USPS.

The Private Express Statutes, Passed in 1792 and (In Amended