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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.
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Who believed that government only exists if the people allow it?
Enlightenment thinkers
Who believed that government only exists if people allow it?
Enlightenment thinkers
Who believed the government only exists if the people allow it?
Enlightenment thinkers
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 are the principal conditions that allow monopoWhat are the principal conditions that allow monopolies to exist?
barriers to entry
Should the government allow drilling for oil in environmentally sensitive areas like national parks?
NO, nor should the government allow natural gas drilling in national parks, either.
Which of the following is true about a firm with a natural monopoly?
It ususally agrees to allow the government to control the price and service provided.
What is a wildlife sancturies?
a wildlife sanctuary is a protected place where government doesnt allow visitors to go in the natural habitats of the animals
Why did government officials allow monopolies to operate without strong regulations during the Gilded Age?
During the Gilded Age, government officials often allowed monopolies to operate without strong regulations due to a prevailing belief in laissez-faire capitalism, which emphasized minimal government intervention in the economy. Many officials viewed monopolies as a means to promote economic growth and innovation, believing that large corporations could produce goods more efficiently. Additionally, the influence of powerful industrialists and their ability to sway political decisions led to a reluctance to impose regulations. This hands-off approach ultimately contributed to significant economic disparities and social issues during the era.
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.
Does fascism allow private business?
Fascist States, of which Nazi Germany was a subset, are states built on a strong traditional, militaristic, and corporatist outlook. In terms of Corporatism, Fascists allow businesses to function as independently-owned monopolies, whose monopoly is protected by the state in exchange for permitting government direction. So, while privately-owned businesses are permitted, extensive government regulation and commandeering does occur in fascist states.
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.
