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- What is the difference between government regulation and government intervention in the market?19. A federal regulatory commission recently charged a nationwide chain store with pressuring manufacturers to supply toys exclusively to its stores. The federal regulatory commission's action is an example of which of the following? A. settling a labor dispute on behalf of workers B. preventing unfair competition in an industry C. fully inspecting products before shipment D. enforcing safety standards for consumersWhat type of government often assumes functions of City government
- Which of the following is not one of the three basic situations in which regulation is imposed? a. externalities b. natural monopoly c. price fixing d. imperfect informationWhich of the following is NOT an example of government intervention in the market? a. Corporate social responsibility b. Use of competition policy to prevent mergers c. Regulation prices d. Legislation banning the sale of the productexplain how government impacts on business
- Some economists argue that government intervention is needed in addressing the issue of market failure. Yet governments also sometimes fail to implement policies or regulations properly and effectively. Explain why this situation can occur. Please discuss and with diagram if possible Subject : Industrial Regulation1. Why does a government use regulations?Classify the following as a government-enforced barrier to entry, a barrier to entry that is not governmentenforced, or a situation that does not involve a barrier to entry. a. A city passes a law on how many licenses it will issue for taxicabs b. A city passes a law that all taxicab drivers must pass a driving safety test and have insurance c. A well-known trademark d. Owning a spring that offers very pure water e. An industry where economies of scale are very large compared to the size of demand in the market
- Question 25 Listen The permits the federal government to protect certain products of the mind, just as much as it protects personal land or money. Question 26 The Listen protects trademarks. A/ ARegulatory agencies are perceived as congressional rather than executive agencies. True False The Sherman Act was designed to ________________. A. shift some of the benefits of the market place from producers to consumers by maintaining a competitive economy B. prevent unfair methods od competition in commerce C. downplay the seriousness of monopoly or monopoly power in the economy D. relocate George & Louise Jefferson to the east side Occupational regulation has been justified by economists in terms of public interest theory. True False2. Classify the following as a government- enforced barrier to entry, a barrier to entry that is not government-enforced, or a situation that does not involve a barrier to entry. a. A city passes a law on how many licenses it will issue for taxicabs b. A city passes a law that all taxicab drivers must pass a driving safety test and have insurance c. A well-known trademark d. Owning a spring that offers very pure water e. An industry where economies of scale are very large compared to the size of demand in the market
