According to the text, the AT&T corporation was deregulated primarily by
a. requiring that competing companies have access to AT&T's facilities
b. declaring AT&T the legitimate monopoly of telephone service in the United States
c. creating a special Telephone Advisory Commission
d. ending all government regulations regarding the domestic telephone industry
e. requiring AT&T to share patents with competitors
A
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Refer to the scenario above. If they are the only bidders in the auction, Bill will continue to bid as long as bidding is below ________
A) $420 B) $210 C) $500 D) $625
Suppose that flu shots create a positive externality equal to $9 per shot. Further suppose that the government offers a $9-per-shot subsidy to producers. What is the relationship between the equilibrium quantity and the socially optimal quantity of flu shots produced?
a. They are equal. b. The equilibrium quantity is greater than the socially optimal quantity. c. The equilibrium quantity is less than the socially optimal quantity. d. There is not enough information to answer the question.
The sum of value added
A. Is one way to compute the GDP. B. Equals the sum of the value of intermediate goods. C. Measures the intangible quality of goods and services produced in the economy. D. Equals net domestic product.
Over ninety-five percent of all new businesses that open each year in the United States employ ________ workers
A) only one or two B) fewer than 20 C) 50 or more D) over 100