How do government regulations attempt to increase efficiency? (Pick the best answer) O Federal policy works to increase competition in the marketplace, thus, firms who produce similar goods and services have to increase quality and innovate to reduce costs in order to stay in business. O State governments regulate intrastate commerce, and states like Texas have created an economic environment that is favorable to business to entice them to relocate to the state, and to bring with them higher paying jobs, which is better for the overall economy. The federal government, through the interstate commerce clause, has the authority to pressure companies to merge, and to offer public funding if the merger causes the venture to lose capital in the process, which hurts investors.

How do government regulations attempt to increase efficiency? (Pick the best answer) O Federal policy works to increase competition in the marketplace, thus, firms who produce similar goods and services have to increase quality and innovate to reduce costs in order to stay in business. O State governments regulate intrastate commerce, and states like Texas have created an economic environment that is favorable to business to entice them to relocate to the state, and to bring with them higher paying jobs, which is better for the overall economy. The federal government, through the interstate commerce clause, has the authority to pressure companies to merge, and to offer public funding if the merger causes the venture to lose capital in the process, which hurts investors.

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter9: Price Takers And The Competitive Process

Section: Chapter Questions

Problem 12CQ

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