Government antitrust laws were designed to
a. encourage the production of public goods
b. prevent natural monopolies
c. prevent collusion among firms
d. regulate natural monopolies
e. correct the outcomes of positive and negative externalities in private markets
Question 2
Which of the following is a reason why government is a participant in a market-oriented economy?
a. to enforce contracts and protect private property
b. to promote collusion
c. to promote the growth of natural monopolies
d. to provide more inequality in the distribution of income
e. all of the above
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