Government regulation of monopoly
a. separates monopoly pricing from monopolies
b. is undesirable when there is a natural monopoly
c. cannot be done when there are monopoly profits
d. is unnecessary when economies of scale exist
e. will result in economic profits to the regulated firm
A
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Suppose a 23-year old graduate student is looking for a full-time job , but has to take a part-time job instead. He or she will be categorized in the Current Population Survey as ________ when calculating the unemployment rate
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Use the above figure. The long-run Phillips curve is best depicted by graph
A) A. B) B. C) C. D) D.