7. The U.S. has an extensive history of a. successful battles b. ethics in every industry...

7. The U.S. has an extensive history of

a. successful battles

b. ethics in every industry

c. ethics in India

d. legislation dealing with antitrust

8. mixed economies rely on _______ to help with their deficiencies :

a. governmental policy

b. their citizens

c. good business practices

d. ethical behavior

9. which is a main view on how to address monopoly issues:

a. regulation

b. government war

c. move to a different place

d. competition above all.

10. Monopoly hinders:

a. incentives to come up with new technology.

b. all things true of a commercial enterprise

c. governmental accounting efficiency

d. socialism and Marxism.

Solutions

Expert Solution

Ans 7.
Correct answer is option d. legislation dealing with antitrust
US has history of legislation in antitrust since 1890 of Sherman act.
Ans 8.
Correct answer is option a. governmental policy.
In a mixed economy both the govenrmnt and private enterprises have to play a role.

Ans 9.
Correct answer is option a. regulation
Regulators need to intervene in monopolistic market and attempt to determine what a normal return for the monopoly owners’ investment should be, and they set prices accordingly for public welfare.

Ans 10.

Correct answer is option a. incentives to come up with new technology.
Natural monopolies require a large initial investment that benefits from economies of scale; therefore, government may authorize a single seller to provide a certain service because having multiple sellers would be too costly. Therefor in such cases monopolist may avoid invesmnt in new technology and avoid disruption ot their business model

Rahul Sunny answered 1 year ago

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