GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Monopoly exploitation is reduced by regulation that
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restricts output
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enhances product-market competition
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increases the bargaining power of workers
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increases the bargaining power of employers
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Explanation:
Detailed explanation-1: -Limited competition-At times only one producer or a group of producers produce some products. So they control the production and supply of certain goods. Thus they manipulate the prices of their products by making these non-available for certain period.
Detailed explanation-2: -Price capping – limiting price increases. Regulation of mergers. Breaking up monopolies. Investigations into cartels and unfair practises. Nationalisation – government ownership. 27-Nov-2019
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