The social interest theory of regulation suggests that the political process and regulations will ________ and the capture theory of regulation suggests that the political process and regulations will ________
A) seek to minimize deadweight loss; serve the interests of the producers
B) try to maximize the producers' economic profits; seek to minimize deadweight loss
C) be unaffected by deadweight loss; increase the firms economic profits
D) ignore producers' interests and concentrate on consumers' interests; seek to minimize firms' economic profits
A
You might also like to view...
Use the following graph to answer the next question.
Which line in the graph above would best illustrate the asset demand for money curve?
A. Line 1 B. Line 2 C. Line 3 D. Line 4
The more firms are present in a market, the:
A. more collusion is likely to occur. B. more like a monopoly it will behave. C. more competition is likely to be present. D. less competition is likely to be present.
At its peak in 1913, the gold standard system had been adopted by_______ of countries.
A) 85% B) 35% C) 13% D) 70%
Referring to Figure 18.3, the effect of a decrease in U.S. prices is represented by a movement from point:
A. d to a. B. b to c. C. a to d. D. a to b.