Answered: If there is no public regulation…

If there is no public regulation governing an economic activity, one may immediately start a business without completing any formalities. O True O False

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter15: The Shortcomings Of Free Markets

Section: Chapter Questions

Problem 3DQ

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If there is no public regulation governing an economic activity, one may immediately start a business
without completing any formalities.
O True O False

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