Some argue that the best response to monopolies is no response at all, because:
A. the creation of regulation may be too difficult.
B. no one can ever decide which monopolies to regulate.
C. left unchecked, all monopolies eventually shut down.
D. they are too powerful to be dealt with effectively.
Answer: A
Economics
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In the Great Depression, the financial sector collapsed, as
A) banks engaged in ruinous competition. B) the stock market boomed, so people withdrew most of their funds from banks and invested heavily in stocks. C) the bond market boomed, so people withdrew most of their funds from banks and invested heavily in bonds. D) many banks closed.
Economics
Productivity is defined as:
a. output per unit of capital. b. output per labor hour. c. output divided by the price level. d. the percentage change in total annual output.
Economics