The Existence of Economic Profits Has Been One Reason for Government

question 116

True/False

The existence of economic profits has been one reason for government regulation of agriculture.

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Definitions:

Legitimate Power

The authority that a person holds as a result of their position or role within an organization.

Sanctioned Authority

Authorized power or approval, often by a governing body or law, legitimizing someone or something to perform certain actions.

Coercive Power

A form of power that is based on the ability to deliver punishments or impose penalties for non-compliance or poor performance.

Expert Power

The ability to influence the behavior of others through the amount of knowledge or expertise possessed by an individual on which others depend.