Canadian Governments (Federal,provincial and Municipal)employ Public Ownership or Regulation of Industries

question 9

Multiple Choice

Canadian governments (federal,provincial and municipal) employ public ownership or regulation of industries in an effort to

• A)ensure that the goal of profit maximization is being pursued because this ensures allocative efficiency.
• B)produce a more equitable distribution of income between consumers and producers with monopoly power.
• C)protect consumers from the high prices and restricted output associated with monopoly power.
• D)promote productive efficiency in all industries.
• E)transfer monopoly profits from private firm owners to the government.