Question

3
"It is necessary that competition exist if the whole economy
is to remain dynamic. When competition ceases to exist,
there will be no pressure to pass the benefits to the
consumer, nor will there be any reason to introduce new and
risky techniques."
The Federal Government has attempted to follow this advice
primarily by?

Answer 1

Answer:

The federal government supports competition by monitoring proper business practices and preventing monopolies that destroy competiton. This can be seen in US history when the government broke the monopoly from the standard oil comany. They dominated the market to a point where competition was impossible. As a result, the US government broke Standard Oild into smaller companies.

Explanation:

This a good answer i think.