anti-monopoly law

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ABC Corporation is the sole_provider
of a particular service.in-the country.
The government has-opened the
market for another competitor
through an anti-monopoly law. What
should ABC-do? 

A. Assess how this would affect the business and determine whether it can improve production processes, lower costs, and improve its service.
B. Purchase all available raw materials and prevent the competitor from having smooth operations.
C. Identify its rights in the constitution to prevent the new competitor to exist.
D. Reduce negative environmental and community impact through corporate social responsibility and persuade the government to not implement the law.

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