One of the Purposes of Requiring Businesses to Register Business

question 10

Multiple Choice

One of the purposes of requiring businesses to register business names is:

• A)to assist ASIC to supervise and investigate illegal businesses.
• B)to assist creditors or customers to contact business operators.
• C)to provide greater privacy protection for business operators.
• D)to protect businesses from competition from interstate operators.

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Definitions:

Near-monopolies

Companies or entities that dominate a market to such an extent that they face little competition, often controlling prices and supply in the market.

Oligopolistic Competition

A market structure in which a few large firms dominate the market, with limited competition between them.

Positive Sum Game

A situation in which all participants can gain or benefit in some way, in contrast to a zero-sum game where one's gain is exactly balanced by another's loss.

Herfindahl Index

A measure used to calculate the size of firms in relation to the industry and an indicator of the amount of competition among them; higher values indicate lesser competition.