According to the capture hypothesis
A. regulators eventually support the views of consumers instead of the firms or the taxpayers, regardless of the reasons why the regulatory agency was established.
B. regulators support the view of the regulated firms all along because that is the reason the regulatory agency was established.
C. regulators eventually support the views of either the firms or the consumers, but at the expense of the taxpayers, regardless of the reasons why the regulatory agency was established.
D. regulators eventually support the views of the regulated firms instead of the consumers or taxpayers, regardless of why the regulatory agency was established.
Answer: D
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Suppose in the automobile industry with free entry and exit, the marginal cost is constant at $5,000, two identical manufacturers are currently producing 1,000 cars each and earning zero economic profit
If the equilibrium price is $20,000, then what is the fixed cost for each manufacturer? A) $20,000,000 B) $15,000,000 C) $5,000,000 D) $10,000,000
In 1770,all the Townshend duties were repealed except_____
a. the duty on tea b. the duty on glass c.the duty on paper d.the duty on red and white lead
If you were a borrower, which of the following unexpected changes in inflation would you prefer once you have taken out a long term fixed rate loan?
a. An increase from 2% inflation to 6% inflation. b. An increase from 7% inflation to 10% inflation. c. A decrease from 14% inflation to 8% inflation. d. A decrease from 6% inflation to 3%.