Government Controls of Price, Output, Entry of New Firms, and Quality

question 92

Multiple Choice

Government controls of price, output, entry of new firms, and quality of service in industries where monopoly appears desirable are known as

• A)antitrust regulation
• B)economic regulation
• C)social regulation
• D)antimerger regulation
• E)consumer advocacy regulation

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Definitions:

Compel Citizens

Enforcing or obliging citizens to follow certain laws, regulations, or directives through legal or authoritative means.

Medical Tests

Procedures and examinations conducted to determine the presence of disease or monitor health conditions.

Rule Utilitarian

A form of utilitarianism that evaluates the moral correctness of an action based on rules that, if universally followed, would lead to the greatest good for the greatest number.

General Practice

A medical practice involving a broad spectrum of healthcare rather than specializing in one particular field.