Canadian Governments (Federal, Provincial and Municipal) Employ Public Ownership or Regulation
Canadian governments (federal, provincial and municipal) employ public ownership or regulation of industries in an effort to
A) protect consumers from the high prices and restricted output associated with monopoly power.
B) produce a more equitable distribution of income between consumers and producers with monopoly power.
C) transfer monopoly profits from private firm owners to the government.
D) ensure that the goal of profit maximization is being pursued because this ensures allocative efficiency.
E) promote productive efficiency in all industries.
Correct Answer:
Verified
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A) the
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