The government regulates monopolies in order to
A. Prohibit mergers or acquisitions that would lessen competition.
B. Protect consumers from false advertising.
C. Ensure that product quality meets minimum standards, such as testing of new drugs.
D. All of the choices are correct.
Answer: D
You might also like to view...
Which of the following displays these two characteristics: rivalry and excludability?
A) a pure private good B) a pure public good C) a club good D) a common pool resource
The increased use of automatic teller machines has decreased the demand for money
Indicate whether the statement is true or false
The basic economic problem is a situation of
A. limited incomes and unlimited choices. B. limited resources and unlimited wants. C. both limited resources and limited wants. D. unlimited incomes and limited choices.
GDP understates the value of output produced by an economy because it
A. includes environmental degradation caused by increased output production. B. excludes the value of the wages and fringe benefits of government employees. C. includes transactions that do not take place in organized markets, such as home-cooked meals. D. excludes value added from the underground economy, such as tips taken "under the table."