@ Government antitrust laws were designed to a .regulate natural monopolies. b.

ID: 1207547 • Letter: #

Question

@ Government antitrust laws were designed to

a .regulate natural monopolies.

b. encourage the production of public goods

c. prevent natural monopolies

d. prevent collusion among firms

@ Externalities are defined as

a. policies that firms adopt to sell products outside the country

b. any transaction external to the firm

c. managers' dealings with stockholders outside the firm

d. costs or benefits that fall on third parties

@ Which of the following is not a function of government
a. Providing the economy's private goods

b. Promotion of competition

c. Redistribution of income through taxation and transfer payments

d. Stabilization to achieve the macroeconomic goals

Government antitrust laws were designed to prevent natural monopolies. The correct answer is option (C).

Externalities are defined as costs or benefits that fall on third parties. The correct answer is option (D).

The option which is not a function of government is promotion of competition. THe correct answer is option (B).

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