Regulation that specifies that a firm's profits must be shared with its customers if the profit rises above a target level is called
A) rate of return regulation.
B) minimum price regulation.
C) earnings sharing regulation.
D) average cost pricing.
C
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A Health Maintenance Organization is _____
a. a multi-doctor office b. a type of pre-paid health care c. a series of specialty hospitals d. increasingly rare
Total surplus:
A. can never be negative.
B. is always zero in an efficient market.
C. can be negative when the market is not in equilibrium.
D. is greater than the sum of consumer and producer surplus.
For the economy as a whole, how does income compare to expenditures? Explain
EU deepening refers to
A) legislation that restricts the sovereignty of individual countries. B) activities that cause increased levels of integration in the national economies. C) extending the boundaries of the EU to include new members. D) adding additional countries into the single currency area.