How might the government deal with a huge company that has no competitors and is charging customers high prices?
Responses
break the company up into smaller competing firms
break the company up into smaller competing firms
fine the company based on its profits for a given year
fine the company based on its profits for a given year
force the company to pay taxes at a higher rate
force the company to pay taxes at a higher rate
assign a government agent to observe the company’s leadership
and operations to ensure fair pricing
create regulations to prevent the company from charging excessively high prices
encourage new competitors to enter the market by offering incentives or subsidies
implement price controls to limit the amount the company can charge customers
encourage consumer activism and advocacy to put pressure on the company to lower prices
consider nationalizing the company or taking other measures to exert direct control over its operations and pricing.