Where There Is Natural Monopoly, Government Is Most Likely to Implement

question 28

Multiple Choice

Where there is natural monopoly, government is most likely to implement

• A) social regulation.
• B) antitrust policy.
• C) industrial regulation.
• D) an externality containment policy.

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Definitions:

Tax Revenue

The income that is gained by governments through taxation.

Government Spending

Expenditures by the government sector on goods and services, including infrastructure, education, defense, and healthcare, impacting an economy's aggregate demand.

Budget Deficit

A situation where a government's expenditures exceed its revenues within a specific fiscal period, leading to borrowing or debt accumulation.

Loanable Funds

The funds accessible for lending within the financial market.