To state: The two methods used by the government to keep business competitive.
Answer to Problem 18AA
Antitrust legislation and deregulation are the two methods that are used by the government to keep business competitive.
Explanation of Solution
The two methods used by the government to keep business competitive includes anti trust legislation and deregulation.
The main aim of anti trust legislation was to maintain fair competition in the market. Such laws are applied to a number of anti-business activities like
Deregulation is considered a good thing most of the two times because entry barriers are reduced a certain point thereby allowing new companies and innovations to enter the market which in turn helps in providing customers with a wide range of alternatives to choose with. It helps in increasing investment opportunities leading to a better
Introduction: Antitrust legislation are the laws that are developed by U.S. government with a view to shield the consumers from anti-competitive business practices whereas deregulation is the process of removing government regulations from a particular product or service.
Chapter 9 Solutions
Economics Today and Tomorrow, Student Edition
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Intermediate Accounting (2nd Edition)
MARKETING:REAL PEOPLE,REAL CHOICES
Accounting For Governmental & Nonprofit Entities
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