Question

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.

Answer 1

7.Option A

Militarily which is really what matters for most questions like this, the US military has won virtually every war US ever fought. The fact is no one has lined up against the US on a battle field and won for over 100 years. US military has latest weapons and equipments to defeat any enemy.

8. Option A

The US economy is best described as a mixed economy, because even though it strongly advocates free market principles, it relies on the government to deal with matters that the private sector overlooks, ranging from education to the environment. The government has also helped nurture new industries and has played a role in protecting American companies from competition abroad.

9.Option A

The government may wish to regulate monopolies to protect the interests of consumers. This can be done through Price capping i.e. limiting price increases, Regulation of mergers, Breaking up monopolies
Investigations into cartels and unfair practises and Nationalisation.

10.Option A

Sometimes the development of new technology can destroy a natural monopoly. A new innovation can cut fixed costs and make small companies as efficient as one large firm. So , A Monopolist will never encourage innovation. With no competition, a monopoly can make profit without much effort, therefore it can encourage x-inefficiency.