Which of the following arguments are frequently used to justify laissez-faire policy?
A) b, c, and e
B) Many concentrated markets are contestable.
C) There is competition, even in the most concentrated markets.
D) Monopolies are inevitable.
E) Economic blocs keep prices down.

Question

Quizplus · Accepted Answer

Arguments B, C, and E are often used to justify laissez-faire policies by suggesting that even in concentrated markets, competition exists or can be introduced, and that economic blocs can help in keeping prices competitive.

Which of the Following Arguments Are Frequently Used to Justify