MindTap Cengage Learning Inter http//ng.cenga ui/index.html2nbld:6288108inbNodel

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MindTap Cengage Learning Inter http//ng.cenga ui/index.html2nbld:6288108inbNodeld 231 697871elSBN MINDTAP Homework (Ch 15) *Duo Todayat 7PMPST Attempts Keep the Highest1 10. Public policy toward monopolies Suppose that a telecommunications company cantrols a large share of the national market. The gavernment believes that the economies of scale in this industry are not significant, and, therefore, mulbiple smaller firms would be able to provide lower prices which of the following policy options might most effectively enable the government to achieve its objectives in this situation? O Do nothing at all. O Regulate the firm's pricing behavior. O Turn the company into a public enterprise.

Explanation / Answer

Answer:

Use antitrust laws to increase competition.

Antitrust laws are used by the government to regulate monopolies by forcing them to break into smaller firms to foster competition.

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