What Incentive Is There for the Government to Deregulate Certain

question 18

Multiple Choice

What incentive is there for the government to deregulate certain industries and activities?

• A) Deregulation gives the federal government more control over private industries and the activities of private citizens.
• B) Deregulation allows the government to establish additional bureaucracies to determine which regulations can be eliminated.
• C) Deregulation helps the government understand how effective its oversight functions are in some industries compared to others.
• D) Deregulation eases the burden of government oversight in certain industries and decreases the scope of government.

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Definitions:

Monopoly Power

The ability of a single entity or company to control a significant portion of the market for a particular good or service, allowing it to set prices and limit competition.

Total Assets

The entirety of what a company or individual owns, including money, securities, equipment, and real estate.

Sherman Act

A landmark federal statute in the antitrust law that prohibits monopolistic practices and promotes competition.

Robinson-Patman Act

A United States federal law aimed at preventing anticompetitive practices by producers, specifically price discrimination.