Identify two ways by which the government controls monopolies?
What will be an ideal response?
The government control monopolies by enforcing antitrust laws and through economic regulation of natural monopolies.
Economics
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Answer the question on the basis of the following information: Only three goods are produced in an economy in the following amounts: A = 10, B = 30, C = 5. The current year per unit prices of these three goods are A = $2, B = $3, and C = $1. (Advanced
analysis) Refer to the information. If the per unit prices of the three goods were each $1 in a base year used to construct a GDP price index, then the GDP price index in the current year is: A. 205.5. B. 255.5. C. 39.3. D. 100.
Economics
How much is the MPS?
Economics