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Step 1 For the most part, the United States operates with a market economy where investment, production, and distribution are determined by looking at supply and demand in the marketplace. However, the government does regulate certain types of market activities to promote more competition between businesses for the benefit of consumers. For example, when two large companies want to merge (e.g. Time Warner and Comcast) and the resulting business would have monopoly power in the industry, the Federal Trade Commission could intervene and stop the merger. The reasoning behind this is that actions that limit competition can be regulated under federal law. At the same time, it is lawful for employers in most states to require noncompete clauses in employment contracts which limits competitiveness of employees. Read more about noncompete clauses (aka covenants not to compete) in this article: https://www.nytimes.com/2017/05/13/business/noncompete-clauses.html You may do additional research if you wish. Then answer the following questions.
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