A $10,000 federal subsidy per student in higher education would benefit
a. a student by exactly $10,000
b. a university by exactly
c. the student and the university in such a way that they would split the $10,000.
d. the student and the university in such a way that they would each get $10,000.
C
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In the long-run, a firm in monopolistic competition has
A) a price that exceeds its average total cost. B) a price that exceeds its marginal cost. C) an average total cost that exceeds its price. D) a marginal cost that exceeds its price.
Incentive-based regulatory approaches:
a. are viewed favorably by most economists as a way to control pollution. b. provide less flexibility than the command-and-control approach. c. tend to hurt wealthier people more than poor people. d. require that the government specify certain types of pollution control technology that firms must adopt.
Internal markets
A) do not have the same problems as external markets. B) have externalities but do not fail. C) have the same problems as external markets. D) are more useful relative to external markets.
Policies that preclude the deliberate creation of monopoly and undesirable practices are called
a. antitrust policies. b. anti-monopoly policies. c. anti-competitive policies. d. socialism.