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
Economics
You might also like to view...
Refer to Figure 15-15. The firm would maximize profit by producing
A) Q1 units. B) Q2 units. C) Q3 units. D) Q4 units.
Economics
When the representatives of the OPEC countries met in March 1999 and decided to reduce the amount of oil each country would produce, the result was
A. the world demand for oil fell. B. the world supply of oil fell. C. the price of oil fell. D. All of the choices were results of this meeting.
Economics