The task of economic regulation is to:
a. protect monopoly profits.
b. approximate the results of the competitive market.
c. replace competition with government ownership.
d. ensure laissez faire.
e. increase competition within the market.
b
Economics
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When negative externalities exist, the competitive market supply curve does not include all of the costs borne by members of society
Indicate whether the statement is true or false
Economics
Describe the main factors economists believe cause inequality of income
What will be an ideal response?
Economics