Which of the following refers to the capture hypothesis of regulation?
A. the control of regulatory agencies by firms in an industry
B. the ability of the government to capture monopoly profits
C. consumer cost savings captured through regulation
D. horizontal mergers
Answer: A
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All of the following are assumptions of both market and public-sector decision making EXCEPT
A) Decisions are based on majority rule. B) Decisions are motivated by individuals' self-interest. C) Opportunity costs exist in decisions. D) Choices reflect incentives faced by decision makers.
If a firm in a perfectly competitive market raises its price
A) it will sell more products. B) it will sell fewer products. C) its sales will remain unchanged. D) it will sell nothing.
How are changes in opportunity cost predicted to affect behavior?
A) The lower the opportunity cost of doing X, the less likely X will be done. B) The higher the opportunity cost of doing X, the less likely X will be done. C) The lower the opportunity cost of doing X, the more likely X will be done. D) a and c E) b and c
What are some data management tools to assure product availability?
a. Point of sales information b. Integrated business planning c. Predictive analytics d. ERP systems e. All of the above f. Only A, B, and C