Asked by
Natalie Fultz
on Dec 12, 2024
Verified
Which of the following has tended to increase the competitiveness of markets in the United States during the last couple of decades?
A) increases in transport costs
B) development of the Internet
C) decreased competition from imports
D) more government regulation of product quality
Competitiveness of Markets
The degree of competition within a market, influencing pricing, product quality, and innovation.
Internet
A vast network of computers connected globally, allowing them to communicate and share information across long distances instantly.
- Comprehend the function of entry barriers and competition in preserving monopoly power.
- Explore various strategies for dealing with monopolistic markets, such as government intervention and the removal of regulatory restrictions.
Verified Answer
RS
Learning Objectives
- Comprehend the function of entry barriers and competition in preserving monopoly power.
- Explore various strategies for dealing with monopolistic markets, such as government intervention and the removal of regulatory restrictions.