Industrial Regulation Generally Applies in Cases Where

question 122

Multiple Choice

Industrial regulation generally applies in cases where

• A)society would benefit if a monopoly is prevented from evolving in a certain market.
• B)a monopoly already exists, and the government believes that society would benefit if it is dissolved.
• C)there is an economic reason for an industry to be organized as a monopoly.
• D)foreign competition in the form of imports is prevalent in the market.

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Definitions:

Multiple-Choice

A type of question or survey format that presents respondents with several answers and requires them to select the correct one.

Recognition

The cognitive process of identifying previously encountered information, such as objects, situations, or people, from among available options.

Parallel Processing

Processing many aspects of a stimulus or problem at once.

Automatic Processing

Unconscious encoding of incidental information, such as space, time, and frequency, and of well-learned information, such as word meanings.