Antimonopoly laws are based on the proposition that ?
A. increasing market power is the best way to achieve efficiency.B. competition is the best way to achieve efficiency.
C. public ownership is the best way to achieve…
Economists use the term regulatory capture to mean a situation where the private sector firms being regulated ?
A. Persuade the regulator to operate in the industry’s interests
B. Persuade the regulator to act in the firms…
In the country X it is now becoming possible to buy electricity from a gas company and gas from an electricity company. This is called ?
A. deregulationB. making markets contestable
C. natural monopoly.
De-regulation is where the government ?
A. removes barriers to entry
B. imposes higher standards of conductC. removes barriers to entry and minimum product quality standards
D. breaks up private sector monopolies.…
Privatization is the transfer of ?
A. corporately owned businesses to individuals
B. publicly held stock to private individuals.C. government businesses to the private sector
D. privately owned businesses to the government…