Rate of return regulation is typically imposed on
A) monopolistically competitive firms.
B) an oligopoly.
C) a natural monopoly.
D) perfectly competitive firms.
C
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Vicky currently produces at point a in the figure above. If Vicky moves from point a to point b to point c, her opportunity cost of a modem ________
A) decreases B) increases C) is zero D) remains the same
When a tax is imposed on buyers, consumer surplus and producer surplus both decrease
a. True b. False Indicate whether the statement is true or false
The Gauss-Markov theorem will not hold if _____.
A. the error term has the same variance given any values of the explanatory variables B. the error term has an expected value of zero given any values of the independent variables C. the independent variables have exact linear relationships among them D. the regression model relies on the method of random sampling for collection of data
There is clear evidence of a race-to-the-bottom internationally, regarding working conditions and the environment
Indicate whether the statement is true or false