1. Regulation in the real world is often undertaken for political reason rather

Question

1. Regulation in the real world is often undertaken for political reason rather than for economic reason? True False 2. The President is the most likely political actor to intervene in regulatory policy? True False 3The Sherman Act was designed to A. Downplay the seriousness of monopoly or monopoly power in the economy B. Shift some of the benefits of the market place from producers to consumers by maintaining a competitive economy C. Prevent unfair methods od competition in commerce D. Relocate George & Louise Jefferson to the east side

Explanation / Answer

(1) True

Theoritically, the purpose of regulation is to maximize social welfare and benefits. But in reality, regulation is often taken for political reasons.

(2) False

Congress collectively decides on regulation policies.

(3) C

Sherman Act intended to prevent unfair competition by discouraging market power policies by firms.

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.