Asked by
Edmar Robles
on Nov 03, 2024
Verified
The U.S.government is trending away from deregulation and toward regulated monopolies.
Deregulation
Regulatory trend toward elimination of legal restraints on competition in industries previously served by a single firm in an attempt to improve customer service and lower prices through increased competition.
Regulated Monopolies
Monopolies that are allowed to exist by the government but with restricted and controlled powers to prevent unfair practices.
- Identify the function of monopolies, especially those under regulation, and obstacles to market entry within the economic framework.
Verified Answer
EN
Learning Objectives
- Identify the function of monopolies, especially those under regulation, and obstacles to market entry within the economic framework.
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