emilymedina1318 emilymedina1318

13-10-2022
Business

Answered

Research a local example of a government policy the limits the amount of competition. Describe the policy and its impact on the market. Is it successful at limiting competition? How? What are the economic forces that caused the government to put this policy in place? (Think about the causes of market failure. Nearly all government policies have some sort of basis in market failure with the goal to correct the imperfection in the market.)
Note: I don't want to hear anything about the anti-trust laws, the Sherman Act, the Clayton Act or the FTC in this discussion. These are all federal laws and regulatory agencies that try to INCREASE the amount of competition, not limit the competition.

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