How might the government deal with a huge company that has no competitors and is charging customers high prices?

Question

(1 point)
Responses

break the company up into smaller competing firms

break the company up into smaller competing firms

fine the company based on its profits for a given year

fine the company based on its profits for a given year

force the company to pay taxes at a higher rate

force the company to pay taxes at a higher rate

assign a government agent to observe the company’s leadership

Answer 1

pass laws and regulations to promote competition in the industry and encourage the entry of new competitors

pass laws and regulations to promote competition in the industry and encourage the entry of new competitors

implement price controls to limit the company's ability to charge high prices

implement price controls to limit the company's ability to charge high prices

create a government-owned or subsidized competitor to provide alternative options for consumers

create a government-owned or subsidized competitor to provide alternative options for consumers

investigate the company for anti-competitive practices and take legal action if necessary.

Answer 2

pick one please

Answer 3

If I had to pick one response, it would be to pass laws and regulations to promote competition in the industry and encourage the entry of new competitors.

Answer 4

pick one of the answer

Answer 5

If I had to pick one answer, it would be to implement price controls to limit the company's ability to charge high prices.