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Author Question: Why does our government enforce antitrust legislation? A) because monopolies are known to be ... (Read 124 times)

Diane

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on: Jun 29, 2018
Why does our government enforce antitrust legislation?
 
  A) because monopolies are known to be unfair to their stockholders
  B) because monopolies are known to be unfair to their employees
  C) because the government wants to create competition in markets in the interests of promoting efficiency
  D) because the government wants to create competition in markets in the interests of promoting an equal distribution of income

Question 2

If regulators force a natural monopoly to price as a perfectly competitive firm would, the natural monopolist
 
  A) will earn higher economic profits.
  B) will earn an economic loss.
  C) will expand its output.
  D) will experience a rise in long-term average costs.


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bob

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Diane

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Reply #2 on: Jun 29, 2018
Thank you :)


bob

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Reply #3 on: Jun 29, 2018
Happy to help you


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