Which of the Following Can the Government Use to Alter

question 57

Multiple Choice

Which of the following can the government use to alter both firm behavior and industry structure?

• A)Deregulation.
• B)Regulation.
• C)Antitrust laws.
• D)Tax policy.

---

Definitions:

Breach of Contract

The failure of one party to fulfill any of its contractual obligations without a valid legal reason, leading to possible legal action by the other party.

Chemical Plant

An industrial facility where chemical processes are carried out, especially the manufacture of chemicals or pharmaceuticals.

Corporate Veil

A legal concept that separates the personality of a corporation from the personalities of its shareholders, protecting them from personal liability for the corporation's debts and obligations.

Burwell v. Hobby Lobby

A landmark U.S. Supreme Court case that allowed closely held for-profit corporations to be exempt from regulations its owners religiously object to, if there is a less restrictive means of furthering the law's interest.