In Many Cases Throughout Canadian History,governments Have Sought to Control

Multiple Choice

In many cases throughout Canadian history,governments have sought to control the behaviour of oligopolistic firms through either ownership or regulation.Policymakers are now skeptical of such practices because
1) many innovations in products and production methods that have led to increases in living standards are attributable to firms in oligopolistic industries;
2) it became clear that oligopolistic industries can achieve both productive and allocative efficiency without government intervention;
3) the regulatory body often ends up protecting the firms from competition.

A) 1 only
B) 2 only
C) 3 only
D) 1 and 2
E) 1 and 3