If It Was Possible for One Company to Gain Ownership

question 52

Multiple Choice

If it was possible for one company to gain ownership control all of the uranium processing plants in the US, then

• A) they will strive to reach efficiencies only they know how to make.
• B) that firm could set up barriers to entry to discourage competition.
• C) government will deregulate to ensure the company's monopoly.
• D) the factors of market demand and supply will set the price.

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Definitions:

Federal Government

The national government of a federated state, which possesses authority over national matters and operates above state or provincial governments.

New Jersey Supreme Court

The highest appellate court in the state of New Jersey, responsible for interpreting and applying the law in state court cases.

New York Trial Court

The initial level of court in New York State where cases are heard in the first instance; includes various courts such as the Supreme Court for civil matters, and the Criminal Court for criminal matters.

Binding

Implies an agreement, contract, or legal decision that is enforceable and must be adhered to by the parties involved.