Which of the following is the best explanation of why a lack of information is a problem when the government wants to impose price regulation on a monopolist?
a. the government does not have information about which firms are monopolies.
b. firms that are monopolies do not have information about their level of profit or about potential competition.
c. consumers do not have information about which firms are competitive and which firms are monopolies.
d. regulators do not have information about the demand and marginal costs of the firms that they regulate.
D
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The citizens of Exland, whose currency is the bun, conduct the transactions outlined in the table above
a) What is Exland's current account balance? b) What is Exland's capital account balance? c) What is Exland's official settlement balance? d) What is Exland's net foreign borrowing?
Which of the following is a characteristic of a monopoly market?
A) many firms B) one firm C) easy entry D) Firm is a price taker.
Increased international trade and deregulation have resulted in
a. increased competition in the U.S. economy b. greater monopolization of industries in the U.S. economy c. more oligopolies and cartels in the U.S. economy d. greater government intervention in the U.S. economy e. no changes in the U.S. economy
If the price of inputs rises and personal income taxes rise:
a. Price index rises, and real GDP falls. b. Price index rises, and the change in real GDP is uncertain. c. The change in price index is uncertain, and real GDP falls. d. Price index falls, and real GDP rises. e. Price index falls, and real GDP falls.