What is the purpose of both deregulation and antitrust laws?
(A) To prevent monopolies.
(B) To prevent inefficient commerce.
(C) To promote government control.
(D) To promote competition.
Ans: (D) To promote competition.
You might also like to view...
Fill in the blank: Your authors argue that focusing on the market as a ________ process helps to better explain the haggling and negotiation activities, which are at the core of our production and consumption plans in the real world
A) monopolized B) oligopolized C) perfectly competitive D) competitive
According to recent study, air pollution on average is greater outdoors than indoors
Indicate whether the statement is true or false
Which term(s) in the general form of the t statistic is (are) computed differently between the usual OLS t-statistic and the heteroskedasticity-robust t-statistic?
A. Estimate and standard error. B. Estimate, standard error, and the hypothesized value. C. Estimate only. D. Standard error only.
A public good
A. Is overproduced by the market. B. Is any good produced by the government. C. Causes government failure. D. Is subject to the free-rider dilemma.