For a politician or a regulator of an industry, there is a clear trade-off between:
A. inflation and investment.
B. prices charged to consumers and profits earned by producers.
C. resource utilization and the generation of externalities.
D. profits and costs of the regulated company.
Answer: B
You might also like to view...
Suppose Acme and Mega produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product. 
Suppose Acme and Mega decide to collude and work together as a monopolist with each firm producing half the quantity demanded by the market at the monopoly price. If Mega cheats on the agreement by reducing its price to $1 while Acme continues to comply with the collusive agreement, then Mega's economic profit will be ________.
A. $150 B. $200 C. $75 D. $100
The sum of compensation to employees, rental income, corporate profits, net interest, and proprietors' income is
A) gross domestic product. B) gross domestic income. C) net domestic income at factor cost. D) net domestic product.
The exchange efficiency condition holds:
A. if every pair of individuals has inverse marginal rates of substitution for every pair of goods. B. if every pair of individuals shares the same marginal rate of substitution for every pair of goods. C. if every pair of individuals consumes the same quantities of every pair of goods. D. if every pair of individuals have the same level of utility.
If ten cases of pretzels are sold at a price of $8 each and the marginal product of the last unit of labor is 5, the firm's total revenue is
a. $80 b. $30 c. $50 d. $6 e. $150