Railroads have received significant attention from regulators because
a. railroads enjoy significant economies of scale.
b. conditions in the railroad industry are conducive to destructive competition.
c. regulators would like to ensure universal service to all potential railroad customers.
d. All of the above are correct.
d
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Answer the next question based on the following demand and cost data faced by a pure monopoly.Demand DataCost DataPriceQuantity DemandedOutputTotal Cost$2.7533$4.002.50444.502.25554.752.00665.751.75777.75At equilibrium, the pure monopoly will generate_____.
A. an economic profit of $6.50 B. an economic profit of $10 C. a loss of $7.25 D. an economic profit of $4.50
If bankers become more uncertain regarding future deposits and withdrawals and choose to hold more excess reserves against deposits, the money multiplier will increase
Indicate whether the statement is true or false
When the Fed sells short-term bonds and buys long-term bonds, it is engaging in
A) changing the discount rate. B) forward guidance. C) backward guidance. D) a maturity extension program.
Equitable
What will be an ideal response?