Antimonopoly legislation is undertaken to ____ competition and market regulation is undertaken to ____ competition ?
Correct answer: D. promote; restrict
- A. restrict; promote
- B. restrict; restrict
- C. promote; promote
- D. promote; restrict
Explanation
Antimonopoly legislation aims to promote competition by preventing excessive market power, while market regulation commonly restricts competition through controls such as licensing, price rules, or entry limits.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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