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Which of the Following Statements Is True

Question 1

Multiple Choice

Which of the following statements is true?


A) Direct regulation is the only form of government intervention into the operation of markets in the United States.
B) There is widespread agreement that the most appropriate type of government intervention into a market is direct regulation.
C) One reason for government intervention into a market is a concern that the amount of competition in the market is inappropriate.
D) The main reason government intervention into a market is sought is to ensure that monopolies are owned by the government rather than by private individuals.

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