A. increasing market power is the best way to achieve efficiency.
B. competition is the best way to achieve efficiency.
C. public ownership is the best way to achieve efficiency
D. regulation is the best way to achieve efficiency.
Related Mcqs:
- Supporters of antimonopoly enforcement argue that the real gain from such enforcement ?
A. is that if encourages firms to engage in research which leads to new products
B. is the revenue generated from the fines paid by those individuals who are found guilty of antitrust violation?
C. Is that this policy serves to deter firms from engaging in such practices as collusion, price-fixing and deceptive advertising
D. is that it forces firms to produce efficiently. - Antimonopoly legislation is undertaken to ____ competition and market regulation is undertaken to ____ competition ?
A. restrict; promote
B. restrict; restrict
C. promote; promote
D. promote; restrict - Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?
A. Free market economy
B. Laissez faire also Laisser faire
C. Open market economy
D. Liberal market economy - What is called the rules of laws which governs the internal affairs of an organization ?
A. Corporate Laws
B. Secondary Laws
C. By laws
D. Internal Laws - Laws that make it illegal for firms to conspire to raise prices or reduce production are known as ?
A. antimonopoly laws
B. all of these answers
C. anti-collusion laws
D. pro-competition laws
E. antitrust laws - The purpose of antitrust (also known as competition) laws is to ?
A. Increase competition in an industry by preventing mergers and breaking up large firms.
B. regulate the prices charged by a monopoly
C. increase merger activity to help generate synergies that reduce costs and raise efficiency.
D. create public ownership of natural monopolies
E. all of these answers - What is called that legal process through which a company receives a charter and state in which it is based allows it to operate as corporation ?
A. Going legal
B. Book corporation
C. Chartered corporation
D. Incorporation - The Human Development Report 2003, which assumes that poverty is multidimensional calculates a human poverty index based on which of the following measures of deprivation ?
I- probability at birth of not surviving to age 40
II- adult illiteracy rate
III- negative economic growth
IV- lack of a decent standard of livingA. I and II only
B. III and IV only
C. I, II and III only
D. I, II and IV - Suppose an industry emits a negative externality such a pollution and the possible methods to internalize the externality are command-and-control policies, pigovian taxes, and tradable pollution permits. If economists were to rank these methods for internalizing a negative externality based on efficiency ease of implementation and the incentive for the industry to further reduce pollution in the future, they would probably rank them in the following order (from most favored to least favored) ?
A. Pigouvian taxes, command-and-control policies, tradable pollution permits.
B. tradable pollution permits, Pigouvian taxes, command-and-control policies
C. tradable pollution permits command-and-control policies, Pigovian taxes.
D. command-and-control policies, tradable pollution permits, Pigovian taxes.
E. They would all rank equally high because the same result can be obtained from any one of the policies - Based on Nafziger and Auvinen’s study high unemployment rates ?
I- represent a vast underutilization of human resources
II- are potential source of social unrest and political discontent
III- are uncomerated with poverty and inequality in LCDs
IV- are associated with middle age rural uneducated malesA. I and II only
B. III and IV only
C. I, II and III only
D. I, II and IV only
