One way to improve the social welfare of a society is to ________ competition and ________ monopoly practices through policy legislation.
A) limit; encourage
B) limit; limit
C) encourage; limit
D) ban; subsidize
E) encourage; subsidize

Question

Quizplus · Accepted Answer

Encouraging competition typically leads to more choices for consumers, better prices, and innovation, while limiting monopoly practices prevents single entities from dominating the market to the detriment of consumers and competitors.

One Way to Improve the Social Welfare of a Society