3 answers

A monopoly exists when one business controls the sales of a service or commodity

Question:

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

Answers

I disagree with your answer.

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

Yes. 5 is correct..

So 5?.

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