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QUESTION
The New York Stock Exchange (NYSE) is cited as an example of how purely competitive firms operate.
- The New York Stock Exchange (NYSE) is cited as an example of how purely competitive firms operate. The Glass-Steagall Act and the Sarbanes-Oxley Act are two examples of how purely competitive firms may be regulated. What affect do you conclude strengthening of regulatory instruments such as Glass-Steagall and Sarbanes-Oxley may have had relative to avoiding the financial meltdown that had beginning roots in the last years of the Clinton Administration? Provide specific examples (and citations) to support your views and explain your reasoning.
