Multiple Choice
Regulating an industry to remove all economic profit
A) removes all incentive for efficiency and responsiveness to consumer demand.
B) removes distortions caused by cross subsidies.
C) removes allocative inefficiency.
D) increases incentives to be productively efficient.
Correct Answer:
Verified
Correct Answer:
Verified
Q39: Deregulation of the airline and trucking industries
Q40: If a firm's average cost is declining,
Q41: Firms violating antitrust laws are likely to
Q42: Universal service may require making a service
Q43: The Justice Department and the Federal Trade
Q45: Regulating firms so that they always receive
Q46: Economies of scale and scope encourage free
Q47: One reason regulators push for higher prices
Q48: The antitrust laws are enforced by government
Q49: Microsoft is accused of which anticompetitive practice?<br>A)Interlocking