The problem of how much power the federal government should have has been a problem in history for ages. This can be seen after the Revolutionary War with the Articles of Confederation. Many people were scared of the federal government obtaining power after the Revolutionary War, as a lot of people did not want to have what happened with Great Britain happen again.
Amendment X, or the Tenth Amendment, states that the "<em>powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the States respectively, or to the people</em>."
This statement limits the power of the federal government by granting all powers that are not already granted to the government to the citizens or the people. The federal government does not have all of the power to do everything and the power to do certain things are with the states and the people. This can be seen with local taxes, certain licenses, elections, and other things.
In economics there are four different types of market structures. They are as followed:
1) Perfect competition- This allows for businesses to compete against each other for consumers.
2) Monopoly- This is when one business or corporation corners a market. This occurs when a business is the only supplier of a good/service.
3) Oligopoly- This is when a small amount of businesses control a market/product.
4) Imperfect competition
In your question then, the correct answers are : Monopoly, perfect competition, and oligopoly.
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