One Method Used to Control the Ability of Firms to Capture

question 523

Multiple Choice

One method used to control the ability of firms to capture monopoly profit in the United States is through

• A)government purchase of products produced by monopolists.
• B)government distribution of a monopolist's excess production.
• C)enforcement of antitrust laws.
• D)regulation of firms in highly competitive markets.

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Definitions:

Limited Partnership

A form of partnership consisting of at least one general partner who manages the business and is personally liable for debts, and one or more limited partners who contribute capital and share profits but have limited liabilities.

Control

Control refers to the power to influence or direct people's behavior or the course of events.

Operating Agreement

A legal document outlining the governing procedures and policies of a limited liability company (LLC), including the members' rights, duties, and obligations.

Members

Members are individuals who belong to a group, organization, or body, often with certain rights, responsibilities, or a shared interest.