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Ahat [919]
3 years ago
8

Why is it in the best interest of the government to regulate natural monopolies

Social Studies
2 answers:
Harlamova29_29 [7]3 years ago
8 0

<u>There are two main reasons that explain why goverments regulate monopolies.If monopolies were not regulated:</u>

  • Producers will charge higher prices for lower quality products because they face a much more ineslatic demand function, as consumers cannot switch to a different producer in order to obtain a certain good or service. Therefore, this situation is harmful for consumer and the goverment intervenes to suffocate it.
  • Competitiveness is limited. Producers are not forced to constantly improve their products or production processes because they do not have to compete with other companies for controlling the market. In the end, if such efforts are not made, the society as a whole is harmed because better technologies and better product attributes have not been developed and cannot be enjoyed.
Ber [7]3 years ago
5 0
To keep costs to a minimum for consumers

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The law that protects the privacy of student educational records and in some instances medical records is known as:
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Patient confidentiality
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3 years ago
Do most people in Western Africa live as traveling herders?
Natasha2012 [34]

Answer:

No but those that live as travelling Traders are the Nomads

Explanation:

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6 0
2 years ago
Which government body is responsible for the regulation of the indian banking system?.
tino4ka555 [31]

The Reserve Bank of India is the government body that is responsible for the regulations related to the Indian banking system that functions in the economy. Therefore, the option B holds true.

<h3>What is the significance of government bodies?</h3>

Government bodies can be referred to or considered as the bodies formed and regulated under the control of the central or state government. They get directions of operations from the government authorities.

Formation of government bodies is done in order to bring specialization in the different departments of the functions of the government. As a result, the Reserve Bank of India is responsible for regulating the banking system.

Therefore, the option B holds true and states regarding the significance of the government bodies.

Learn more about government bodies here:

brainly.com/question/6771907

#SPJ4

The question seems to be incomplete. It has been added below for better reference.

Which government body is responsible for the regulation of the Indian banking system?.

A. State Bank of India

B. Reserve Bank of India

C. CBI

D. Securities and Exchange Board of India

6 0
1 year ago
Which of the following actions is a way to help conserve a natural resource?
katen-ka-za [31]

Answer:

C. Replanting trees in a forest area that has been cut down.

Explanation:

Because that is replanting and conserving something necessary and a natural resource that was taken down.

6 0
3 years ago
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