How can inventions such as cellular phones affect the government's antitrust policies?
(A) The technology causes the need for stricter regulation than before.
(B) Government rules can allow higher charges than competition.
(C) People using the technology do not want antitrust regulations.
(D) They can mean that the need for regulation no longer exists.
Ans: (D) They can mean that the need for regulation no longer exists.
You might also like to view...
A bowed out production possibility frontier shows that the
A) opportunity cost of a good is constant as more of the good is produced. B) opportunity cost of a good decreases as more of the good is produced. C) opportunity cost of a good increases as more of the good is produced. D) opportunity cost relationship is linear. E) opportunity cost of producing another good is negative.
If the government taxes an industry that creates pollution, the tax
i. decreases the pollution. ii. increases the price of the product produced by the firms. iii. decreases the quantity of the good produced. A) i only. B) ii only. C) ii and iii. D) i and iii. E) i, ii, and iii.