Anti - combines, or anti – trust, laws try to OA. regulate monopolies. OB. establish Crown corporations. C. prevent monopoly behaviour. D. establish fair trade practices. E. support prices.

When the market for a good is efficient, the good’s price is $14. When the market is controlled by a monopoly, the good’s price is $18. What is a possible value for the price of the good if there are two competing oligopolists in the market?   A. $14                    B. $18                    C. $16                     D. $19                    E. $13                                       _______

Anti-combine, or anti-trust, laws OA. encourage businesses to be competitors. B. drive price-fixing agreements into the open. O c. encourage collusion among businesses to raise prices or restrict supplies to customers D. make it more likely that businesses will communicate about fixing prices.

Which of the following statements is false? Select one: a. Ceteris paribus, a monopolist charges the same price as a perfect competitor. b. All of the other statements are false. c. The monopolist never takes a loss. d. All monopolies are created by the government.