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To act as a regulating force in the marketplace
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∙ 12y ago
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What purpose does competition serve in the free market?
to keep monopoly's from happening
What is the purpose of government subsidy?
To protect domestic producers against international competition
What best states the purpose of an import quota?
To reduce competition from foreign producers.
The purpose of advertising and other forms of non-price competition by a firm is to shift it's D-Curve to right or left and make it inelastic or elastic?
The purpose of advertising and other forms of non-price competition is to shift demand up and make it inelastic, also called the d curve.
What MIGHT be the purpose of government regulation of natural monopolies or economies of scale?
Government regulation might be used to facilitate competition.
What is the purpose of a purpose of a protective tariff?
protect home industries from foreign competition
What is an act of gathering proprietary or sensitive data for the purpose of aiding the competition?
categorized as the act of gathering proprietary or sensitive data for the purpose of aiding the competition?
What is the purpose of import quota?
To reduce competition from foreign producers
What is the purpose of both deregulation and antitrust laws?
to promote competition
What is the purpose of Subsidies?
To protect domestic producers against international competition
What purpose does competition serve in the free market?
to keep monopoly's from happening
The purpose of a protective tariff is to?
protect home industries from foreign competition
What best states Purpose of an important quota?
To reduce competition from foreign producers.
What is the purpose of government subsidy?
To protect domestic producers against international competition
Who would be categorized as the act of gathering proprietary or sensitive data for the purpose of aiding the competition?
A person who gathers proprietary data for the purpose of aiding the competition would be known as a spy. The act of this would be known as industrial espionage.
In the United States the main purpose of antitrust legislation is to?
In the United States, the main purpose of antitrust legislation is to promote competition in business.
What is an organization of companies that exist for the purpose of hurting competition and keeping prices high?
monoply
