“Peak pricing” can often improve economic efficiency.
Answer the following statement true (T) or false (F)
True
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Suppose that a regulatory agency helps producers maximize economic profit. This type of regulation coincides with
A) a natural monopoly. B) a marginal cost pricing rule. C) an average cost pricing rule. D) the capture theory of regulation. E) the social interest theory of regulation.
In the prisoners' dilemma game, when each player takes the best possible action given the action of the other player, ________
A) a competitive equilibrium is reached B) one player denies and one player confesses C) both players deny D) a Nash equilibrium is reached
Answer the following statement(s) true (T) or false (F)
1. From an economic perspective, the zero discharge goal meets the efficiency criterion by accounting for both the benefits and costs of that objective. 2. According to available data, most water bodies in the United States have met the zero discharge goal. 3. The effluent limitations are set to maximize net benefits. 4. Because the effluent limitations are set uniformly, achieving a cost-effective solution is unlikely. 5. In order for the effluent limitations to achieve cost-effectiveness, the MACs of all polluters would have to be equal.
The CPI in November 2016 was equal to 241.4. This means that $1,000 in
A. 1982-1984 had as much buying power as $241.40 in November 2016. B. 1982-1984 had as much buying power as $2,414 in November 2016. C. November 2016 had as much buying power as $2,414 in 1982. D. November 2016 had as much buying power as $241.40 in 1982.