Monopoly Impacts and Government Interventions

Q.

What is the full form of MRTP act?

Q.

Mention a few factors which cause exploitation of consumers.

Q.

Why are chain stores bad?

Q. Why a firm under perfect competition will not lower the price to increase its sales?

Q. The magnitude of monopoly power of a commodity on the following factor __________.

1. inelasticity of demand
2. elasticity of demand
3. supernormal profit
4. the upward movement of a demand curve

Q. As a student of economics, how would you evaluate the implications of non-price competition in oligopoly form of the market?

Q. All the following suggest that President Theodore Roosevelt did not support the interests of large corporations except ________.

1. He signed laws that broke up monopolies into smaller business.
2. He ordered an investigation into the practices of the food-processing and food-manufacturing industry.
3. He allowed U.S. Steel to absorb the Tennessee Coal and Iron Company during the panic of 1907.
4. He signed laws that gave the government the authority to regulate the railroads.
5. He encouraged arbitration of labor disputes.