Which of the Following Is NOT a Reason for the Government

question 171

Multiple Choice

Which of the following is NOT a reason for the government to regulate a nonmonopolistic industry?

• A) To allow firms to achieve the profit maximizing output.
• B) Asymmetric information.
• C) To protect consumer interests.
• D) Market failures.

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Definitions:

Plant Closure

The process of shutting down a manufacturing plant or facility, often leading to significant job losses and economic impacts on the local community.

NLRB

Stands for National Labor Relations Board, a US federal agency that enforces US labor law in relation to collective bargaining and unfair labor practices.

Mandatory Bargaining

A legal requirement for employers to negotiate with duly elected employee representatives on work conditions, pay, and other employment terms.

Contract Costing

A method used in accounting to track costs associated with a specific contract, often used in industries like construction where work is project-based.