Asked by Lesley Figueroa on Jul 16, 2024
Verified
Public policies toward monopoly in the United States often consist of:
A) laws outlawing all of them.
B) the regulation of natural monopolies.
C) government takeover if monopoly profit exceeds a certain level.
D) forcing monopoly industries to become perfectly competitive.
Natural Monopolies
A market dominated by a single seller because of high entry barriers or because the service or product is most efficiently supplied by a single provider.
Government Takeover
An acquisition where a government assumes control over a company or industry, often to stabilize the sector or protect national interests.
Perfectly Competitive
A market structure characterized by many buyers and sellers, homogeneous products, and no barriers to entry or exit.
- Acquire knowledge on the nature of natural monopolies and the reasoning for state measures directed at these entities.
Verified Answer
Learning Objectives
- Acquire knowledge on the nature of natural monopolies and the reasoning for state measures directed at these entities.
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