Economics question

considering your previous knowledge of monopolies and the nature of competition; how do monopolies hinder competition and why is it important for governments to take steps to limit this business practice? provide at least two examples. (6pts)

textbook pages: (151–154)

it is a : ) always outside of government control

the right answer is d) a conference committee. it is a temporary panel formed by house and senate members in order to reconcile differences in legislation.

when we think of a­ncient paga­n kings, the ideas of justice and fairness probably aren't the first things to come to mind. we moderns may be more likely to imagine fickle, power-hungry despots who were ready to put someone to death on a whim. but king hammurabi, who ruled a prosperous and thriving babyloniaalmost four millennia ago, doesn't quite fit that mold. he claimed to have protect the weak from oppression, and scholars believe he fostered an atmosphere of justice and righteousness for his people.

this belief is based on an object that was discovered only a century ago. it has already earned a place alongside the rosetta stone as one of the most important artifacts of the ancient world. this stela (stone pillar) bears the inscription of the code of hammurabi, and it has shed light on the laws, culture and life in babylonia.

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