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What is the law that allows select American firms to form a monopolies to compete with foreign cartels?

The law that allows select American firms to form monopolies to compete with foreign cartels is known as the "National Security Act" under the Defense Production Act. This legislation permits the government to support the consolidation of firms in specific industries deemed critical to national security, allowing them to operate as monopolies to enhance competitiveness against foreign entities. Additionally, the Sherman Antitrust Act includes provisions that can be interpreted to allow for such actions under certain national security considerations.


What does the French laissez faire mean?

Literally, that means "let it be". A+ =" Let the people do as they choose " It means "allow to do" It is a government policy in which intervention of government is strongly opposed. That policy aims to create an environment in which transactions between private parties are free from state intervention, including restrictive regulations, taxes, tariffs and enforced monopolies.


What could be more efficient than a monopoly or trust?

Oligopolies can be more efficient than monopolies or trusts, as they allow for competition among a few dominant firms, which can drive innovation and improve consumer choices. Additionally, regulatory frameworks that encourage competition while preventing monopolistic practices can enhance market efficiency. Collaborative models, such as cooperatives, can also promote efficiency by pooling resources and sharing risks among members while prioritizing community benefits over profit maximization.


What is a common mistake that occurs when developing an IDP?

Vagueness that does not allow measurement of progress or success.


Examine adam smith understanding of laissez-faire economic policy and its exceptions?

Adam Smith, often regarded as the father of modern economics, advocated for laissez-faire economic policy, emphasizing minimal government intervention in markets to allow the forces of supply and demand to operate freely. He believed that this approach would lead to greater efficiency and wealth generation. However, Smith acknowledged exceptions to this principle, particularly in cases of public goods, monopolies, and situations where market failures occurred, indicating that government intervention might be necessary to promote fairness and protect societal interests.

Related Questions

What would happen if you kissed your principal?

You would get into trouble. No school principal would allow you to get that close. It is illegal.


What is the principle that states where dead organisms are turned into rock by mineral rich water?

There is no principal that states WHERE this may happen. The conditions that allow this to happen can form at different places over geologic time.


How to write letter to principal that will allow me to take an exam by myself not with a group?

go south


Does a wolf's howl echo?

Yes, when the conditions allow it to.


How do you write consent letter from parent to principal?

To The principal ALL Saints'College Nainital Respected Ma'am I allow my dayghter pranjal bisht of class 9 to stay in school on saturday till 3:20pm


Is there carrots on Mars?

No, The conditions on Mars does not allow anything to grow.


What conditions would allow life on Jupiter?

If it was like earth


What is the advantage of having a skinny tube in a thermometer?

The principal of the skinny tube is to allow expanded liquid to pass up it to indicate temperature


Why does the government often allow natural monopolies to exists?

The government often allows natural monopolies to exist because they can lead to more efficient production and lower costs due to the economies of scale inherent in certain industries, such as utilities and public transportation. Regulating these monopolies helps ensure fair pricing and access for consumers while avoiding the inefficiencies that could arise from multiple competing firms. By overseeing operations, the government can also ensure that essential services are provided reliably and equitably to all citizens.


What conditions allow microorganisms to multiply in food?

temperate, humidity and darkness


Cause and effects government regulation have?

Government regulations can effect pricing and control monopolies. In Canada the government regulations on alcohol allow them to raise the prices and limit its sale to a single government run controlled store.


What age can you have streaks in your hair?

Any age, though many schools dont allow it! i swear to god a teacher or principal wrote the above answer