A natural monopoly has no incentive to limit its costs of production under which type of regulation?
A. Social regulation.
B. Output regulation.
C. Profit regulation.
D. Price regulation.
Answer: C
You might also like to view...
Which of the following is NOT true about a certificate of convenience and public necessity?
A) It is a barrier to entry. B) It is a patent. C) It is issued by a government agency. D) It limits competition.
If the Fed purchases U.S. government securities, gross domestic product:
a. increases because the resulting increase in the interest rate leads to a decrease in investment. b. increases because the resulting decrease in the interest rate leads to an increase in investment. c. decreases because the resulting increase in the interest rate leads to a decrease in investment. d. decreases because the resulting increase in the interest rate leads to an increase in investment. e. decreases because the resulting decrease in the interest rate leads to an increase in investment.
Within the U.S. population, blacks of prime working age (ages 25-54) have higher rates of unemployment than whites of prime working age (ages 25-54), regardless of gender
a. True b. False Indicate whether the statement is true or false
Under the transferrable pollution rights system, unused permits ______.
a. must be destroyed b. can be sold c. become public property d. result in heavy fines