Post a New Question


posted by .

A monopoly exists when one business controls the sales of a service or commodity. In a capitalistic economy, monopolies are regulated by laws in order to

1)decrease the number of jobs available
2)discourage price wars among businesses
3)set prices at a given level each year
4)ensure that a certain amount of goods and services are produced each month
5)promote competition and improve product quality

i picked 4

  • history -

    I disagree with your answer.

    In a capitalist society, competition is encouraged to reduce prices and increase the quality of goods.

  • history -

    so 5?

  • history -

    Yes. 5 is correct.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question