Public Policy Responses to Monopolies

question 141

Multiple Choice

Public policy responses to monopolies:

• A) aim to break up existing monopolies.
• B) prevent new monopolies from forming.
• C) ease the effect of monopoly power on consumers.
• D) All of these statements are true.

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Definitions:

Negligence Or Mismanagement

The failure to exercise the care or oversight required, resulting in harm or loss.

Duty Of Care

A legal obligation imposed on individuals or organizations to adhere to a standard of reasonable care while performing any acts that could foreseeably harm others.

Breaching

The behavior of violating or not adhering to a law, contract, or set of rules.

Delegate Tasks

The act of assigning responsibilities or duties to another individual or team.