Monopolies Video with 3 questions

What is one criticism of monopolies?

• Consumers do not mind paying higher prices

• Monopolies remove consumer choice; this is the opposite of what is supposed to happen in a free consumer market

Monopolies can only exist when there is insufficient laws preventing them.

• True

• Fals

What powers does the U.S. Government have today to prevent or prohibit monopolies?

• The U.S. Government has antitrust laws and enforcement agencies.

• The U.S. Government can impose tariffs on foreign companies.
• The U.S. Government has the power to nationalize all businesses.
• The U.S. Government can regulate prices of goods and services.