Q. The philosopher Robert Nozick made a strong also challenging argument for a minimalist state in his book Anarchy, State also Utopia. He concluded which no state should provide any services beyond law enforcement. This would essentially result in all highways, schools, social security also other services outside of police also homeland security becoming privatized.
1.) Is it reasonable from an economist's viewpoint to minimize the role of the government in accordance with Nozick's moral argument?
2.)Do you believe which there should be any exemptions to this argument? In your answer, consider which one of the mechanisms through which the U.S. Government controls monopolies also oligopolies is through the use of antitrust laws. These laws are designed to protect competition also thus increase the welfare of society as a whole. Converse the various ways in which monopolies also oligopolies can curtail also/or eliminate competition also, alternatively, the circumstances when this may not be the case.
Explicate in 650 word page also justify your conclusions.