Process of Assessing the Impacts/outcomes of a Policy

question 16

Multiple Choice

Process of assessing the impacts/outcomes of a policy.

• A)policy evaluation
• B)policy implementation
• C)direct cost
• D)intended consequences

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Definitions:

Price Fixing

An illegal agreement among competitors to set prices at a certain level, rather than letting them fluctuate naturally with market forces.

Industry Tightening

A period where industry competition becomes more intense, often leading to consolidation, increased regulation, or higher barriers to entry.

Monopolistic Competition

A market structure characterized by many competitors selling products that are similar but not identical.

Pure Competition

A market structure characterized by a large number of sellers offering identical products, where no single seller can influence market prices.