Agroup of teens in your town meet and agree to charge a flat fee of five dollars per hour for babysitting. they charge the same rate no matter how many children there are, or when the service is needed. then they divide areas of town on a map between them, agreeing to only serve customers within their respective areas. within weeks they have gained most of the business in town, driving out other teens that cannot lower their rates. the babysitting market in your town has become

Suppose that a government that is skeptical of efforts to regulate prices charged by private companies is nevertheless concerned that an electric utility company is taking advantage of consumers with unfair pricing policies. which of the following policy options might most effectively enable the government to achieve its objectives in this situation? do nothing to all. turn the company into a public enterprise. use antitrust laws to increase competition. regulate the firm's pricing behavior.