Government laws against monopolies are:
A) a key way in which the government promotes competition in a capitalist system.
B) inconsistent with the role of government in a capitalist system.
C) the main reason why the U.S. economy is best classified as a socialist system.
D) used to ensure equal distribution of income in the economy.

Question

Quizplus · Accepted Answer

Government laws against monopolies are necessary to promote competition in the capitalist system. If one company dominates a particular industry, it can lead to higher prices for consumers and stifle innovation. By preventing monopolies, the government encourages multiple companies to compete, resulting in better products and services for consumers.

Government Laws Against Monopolies Are