If competition can be relied upon to serve as the regulator of a market, but if the game needs to be kept fair, the proper governmental policy should be
A) nationalization
B) economic regulation
C) the application of antitrust
D) socialization
E) government ownership

Question

Quizplus · Accepted Answer

The application of antitrust laws is the correct governmental policy when competition needs to be maintained as the regulator of the market while ensuring fairness. Antitrust laws are designed to prevent monopolies and promote competition, thereby keeping the market fair for all participants.

If Competition Can Be Relied Upon to Serve as the Regulator