The industry that is the most recent target of deregulation is the
A. Long-distance telephone service.
B. Trucking industry.
C. Airline industry.
D. Electric utility industry.
Answer: D
You might also like to view...
Properties of long-run competitive equilibrium with free entry include:
A. an equilibrium price equal to the minimum MC. B. firms earning positive profits. C. active firms producing at their efficient scales of production. D. All of these are properties of long-run competitive equilibrium.
A firm's ability to successfully practice price discrimination is greater
a. the more difficult it is to identify a customer's willingness to pay b. the more standardized the product offered by the firm c. the more difficult it is to transfer its product from person to person d. the more active the resale market is for their product e. in goods-producing markets than in service-producing markets
Households use all of their disposable income ________ and ________
a. to pay taxes; social security b. for consumption; to pay taxes c. for consumption; saving d. for rent; groceries
What could cause a decrease in the price level and simultaneously an increase in GDP similar to the 1920s in the United States?
A. an increase in interest rates B. a decrease in interest rates C. a decrease in consumer confidence D. an increase in productivity