anti-monopoly law

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter2: Introduction To Financial Statements
Section: Chapter Questions
Problem 3TP: A trademark is an intangible asset that has value to a business. Assume that you are an accountant...
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ABC Corporation is the sole_provider
of a particular service.in-the country.
The government has-opened the
market for another competitor
through an anti-monopoly law. What
should ABC-do? 

A. Assess how this would affect the business and determine whether it can improve production processes, lower costs, and improve its service.
B. Purchase all available raw materials and prevent the competitor from having smooth operations.
C. Identify its rights in the constitution to prevent the new competitor to exist.
D. Reduce negative environmental and community impact through corporate social responsibility and persuade the government to not implement the law.

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