Governments usually monopolies because they want to achieve a competitive result or lower prices.
Added by Encarnacion M.
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Step 1: Governments usually regulate monopolies because they want to prevent them from abusing their power and exploiting consumers. Show more…
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Governments usually take steps to regulate market conditions when: O A. too many businesses engage in competition. O B. research and development costs increase. O c. monopolies act in ways that hurt consumers. O D. more similar businesses are allowed to open.
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Monopolistic competition has which drawback compared to a monopoly? A. consumers have fewer options for buying new products B. governments are most likely to regulate them. C. companies have less capital for expensive investments. D. prices are most likely to be fixed at high levels
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If monopolies are undesirable, why does government often try to protect sellers against new competitors? Why, for example, does the U.S. government prohibit people from competing with the post office in the delivery of first-class mail?
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