If an industry is a natural monopoly and regulators decide that the firm must price at marginal cost, then consumers will be ________ off than if the firm was unregulated and the firm's owners will be ________ off than if it was unregulated
A) better; better
B) better; worse
C) worse; better
D) worse; worse
B
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Which statement is true?
A. The recessions of 1973-1975 and 1981-1982 were both mild. B. The recessions of 1973-1975 and 1981-1982 were both severe. C. The recession of 1973-1975 was mild; the recession of 1981-1982 was severe. D. The recession of 1973-1975 was severe; the recession of 1981-1982 was mild.
What are the three major components of economic growth?
What will be an ideal response?
When a market is in equilibrium:
a. there is a downward pressure on the price. b. quantity demanded is equal to quantity supplied. c. there is excess supply in the market. d. quantity demanded exceeds quantity supplied.
Suppose a country experiences an increase in its capital stock. Which curve(s) in the aggregate demand and aggregate supply model would be affected, and which way would it (they) shift?