One reason regulators push for higher prices in an industry is to
A. prevent excess profits in the industry.
B. protect the public from excessively low prices.
C. encourage usage of the good or service.
D. protect against the demise of existing firms.
Answer: D
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Nominal gross domestic product is based on the existing prices at which final goods are actually sold
a. True b. False Indicate whether the statement is true or false
In a repeated game,
a. Cooperation is more likely than in a one-shot game b. Cooperation is less likely than in a one-shot game c. Cooperation can be either more or less likely than in a one-shot game d. The results are likely to be the same as in a one-shot game
In a perfectly competitive market, the demand curve faced by an individual firm is:
A. perfectly elastic. B. perfectly inelastic. C. relatively elastic. D. relatively inelastic.
Which of these equations indicates net exports?
a. net exports divided by net imports b. Exports plus imports c. Imports minus exports d. exports minus imports