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Why does free - market system require government regulation?
Producers are driven by the profit motive to work against competition
The regulatory mechanism of the market system is?
competition
What was the goals of the Southerner's in the supporting the annexation of Texas?
It was to avoid competition in the cotton market
Who created market economy?
government and people created market economy . Because government decide the market price . But sometimes people make their own market prices to get more money.
Who is the government attempting to help by discouraging predatory pricing?
Ultimately, the government is trying to protect the consumer. Predatory pricing is used to drive a competitor out of a market, or keep a potential competitor from entering a market. If successful, the entity employing predatory pricing tactics can maintain a monopoly (or near monopoly) in a market and use the lack of competition to set prices anywhere it wants. The consumer, having no choice in a marketplace, is forced to pay whatever the entity chooses to charge.
