Which of the following is not correct?
a. Antitrust laws may prevent mergers that would actually raise social welfare.
b. Public ownership is the most common public policy toward monopolies in the United States.
c. Regulation is a common strategy for a natural monopoly.
d. Sometimes the best public policy toward a monopoly may be to do nothing.
b
You might also like to view...
A monopolist maximizes its profit by producing the amount of output that sets
A) total revenue equals total cost. B) marginal revenue equals marginal cost. C) marginal revenue equals zero. D) price equals marginal cost.
Easy monetary policy and tight fiscal policy lead to
A) high real interest rates. B) low real interest rates. C) roughly unchanged real interest rates. D) roughly unchanged real interest rates only when Ricardian equivalence holds; otherwise, low real interest rates.
In the Keynesian cross diagram, an increase in investment spending because companies become more optimistic about investment profitability causes the aggregate demand function to shift ________, the equilibrium level of aggregate output to rise, and
the IS curve to shift to the ________, everything else held constant. A) up; left B) up; right C) down; left D) down; right
Refer to the graph shown. Demand is unit elastic when revenue is:
A. $4,000. B. $10,000. C. $6,000. D. $8,000.