An example of a public policy response to a monopoly is:
A. encouraging mergers.
B. public admonishment.
C. antitrust laws.
D. All of these are examples.
Answer: C
You might also like to view...
Fiscal policy is defined as changes in federal ________ and ________ to achieve macroeconomic objectives such as price stability, high rates of economic growth, and high employment
A) taxes; the money supply B) taxes; interest rates C) taxes; expenditures D) interest rates; money supply
Which of the following statements about private and social costs is TRUE?
A) Social costs include externalities. B) Private cost do not include externalities. C) Social costs are never smaller than private costs. D) All of the above.
Which of the following is a stock?
A. Consumption B. Wealth C. Saving D. Income
A perfectly inelastic demand schedule:
A. rises upward and to the right but has a constant slope. B. can be represented by a line parallel to the vertical axis. C. cannot be shown on a two-dimensional graph. D. can be represented by a line parallel to the horizontal axis.