Stringent Regulations and Vigorous Enforcement Have All but Eliminated Unethical

question 24

True/False

Stringent regulations and vigorous enforcement have all but eliminated unethical behavior by financial professionals in recent years.

---

Definitions:

Monopoly

A market structure characterized by a single seller, selling a unique product in the market without any close substitutes.

Potential Entry

The possibility or threat of new competitors entering a market, which can influence the behavior and strategies of existing firms.

Economic Inefficiency

Economic Inefficiency occurs when resources are not allocated optimally, leading to waste or missed opportunities in the production or distribution of goods and services.

Oligopoly

A market structure characterized by a small number of firms which dominate the market, leading to limited competition.