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A Sure Way to Make Sure You Are Asking a Legal

question 32

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A sure way to make sure you are asking a legal question is to apply the test of

Differentiate between natural monopolies and competitive markets.
Recognize the motivations behind government regulation and anti-trust laws.
Identify the economic implications of monopolies and market dominance.
Examine the role and impact of regulatory agencies in industrial regulation.

Definitions:

Lawrence Kohlberg

An American psychologist best known for his theory of stages of moral development, which explains the development of moral reasoning.

Geometry Class

A course of study that involves the exploration and understanding of shapes, sizes, properties of space, and the relationships between different geometrical figures.

Hypothetically

Refers to a situation or statement based on or involving a hypothesis or supposition rather than hard facts.

Formal Operational Stage

The fourth stage in Jean Piaget’s theory of cognitive development, typically beginning around age 11, marked by the ability to think abstractly and reason logically.

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