A monopoly exists when one business controls the sales of a service or commodity. In a capitalistic economy, monopolies are regulated by laws in order to

Question

1)decrease the number of jobs available
2)discourage price wars among businesses
3)set prices at a given level each year
4)ensure that a certain amount of goods and services are produced each month
5)promote competition and improve product quality

i picked 4

Answer 1

I disagree with your answer.

In a capitalist society, competition is encouraged to reduce prices and increase the quality of goods.

Answer 2

so 5?

Answer 3

Yes. 5 is correct.