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O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2014 · Q171 Mark

The Mexican government has passed a law which prevents any monopoly charging a price significantly above its production costs. Any monopoly that breaks the law is fined. Which type of policy measure is this?

Aminimum price
Bregulation
Csubsidy
Dtax

✓ Correct answer

B: regulation

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About this question

Topic
Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2014 Paper 1 Variant 1, question 17.

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