EconomicsWhich of the following is the most valid criticism of the regulation of natural monopolies and other firms subjeorforegulation by regulatory commissions?Select one:O A. Such regulation is unnecessary and amounts to creeping socialiam.O B.Itis difficult to find enough honest people to serve on regulatory commissionsO C. Many members of such commissions are appointed rather than being electedOD Regulated firms may have little incentive to contain costs since they are assured a fair return above costs

In most nations, certain kinds of regulations are imposed on various industries, especially…

Which of the following is the most valid criticism of the regulation of natural monopolies and other firms subjecrfo regulation by regulatory commissions? Select one: O A. Such regulation is unnecessary and amounts to creeping socialism O B. It is difficult to find enough honest people to serve on regulatory commissions OC. Many members of such commissions are appointed rather than being elected O D Regulated firms may have little incentive to contain costs since they are assured a fair retun above costs

Which of the following is the most valid criticism of the regulation of natural monopolies and other firms subjecrfo regulation by regulatory commissions? Select one: O A. Such regulation is unnecessary and amounts to creeping socialism O B. It is difficult to find enough honest people to serve on regulatory commissions OC. Many members of such commissions are appointed rather than being elected O D Regulated firms may have little incentive to contain costs since they are assured a fair retun above costs

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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of aboul $92,00 Exhibit 9-4: A Monopoly Total Quantity Total Fixed Variable Price Demanded Cost Cost $100 $20 $0 90 1 $20 20 80 $20 48 70 $20 78 60 4 $20 110 50 $20 150 Refer to Exhibit 9-4. At an output level of 3 units, the monopolist earns a total profits of about O $80.00 $92.00 O $112.00 O$110.00 2. 3. 5.
2. A public utilities regulator sets prices equal to average costs. As a result, the regulated natural monopoly will produce ______________. a. the allocatively efficient amount of output.b. less than the allocatively efficient amount of output.c. more than the allocatively efficient amount of output.d. either the allocatively efficient amount of output or more than that amount.e. either the allocatively efficient amount of output or less than that amount.
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In the United States, antitrust laws O A. regard excess competition as a felony under Section 3 of the Sherman Act. O B. place a maximum limit of 125 firms that are allowed to compete in any market. O C. do not always prosecute firms if they have fixed their prices. D. do not allow one person to be a director of two competing firms if being a member "substantially lessens competition". E. break up a company if it is too large because "size itself is an offense."
13 Why do monopolies lack productive efficiency? A Because barriers to entry eliminate competition BO Because they are unable to achieve economies of scale Because investments in innovation are costly DO Because they produce at the bottom of the average cost curve
Answered: Suppose b X A https://blackboard.vsu.edu/webapps/assessment/take/launch.jsp?course assessment_ id3D_50488 * Question Completion Status: Ou. pcopic WIu mgncr IcoICS SIIOUIU pay gner pricCS uiar unUST WIUI TOWCI ICUIIICS. QUESTION 12 Exhibit 3 Demand and cost curves for GeneTech, a monopolist with a patented vaccine 50 45 40 レATC 35 Price, cots, and 30 25 revenue 20 perdose (dollars) 15 10 MR 1 2 3 4 5 6 7 8 9 10 Quantity of vaccine (hundreds of doses per hour) In Exhibit 9-3, what is the maximum hourly profit that GeneTech can earn from its vaccine? O a. $10,500. O b. $4,500. O C. $1,500. O d. $3,000. QUESTION 13 Click Save amd Submit to save and submit. Click Save All Answers to save all answers. O Type here to search W 99+
1. In the United States, Antitrust laws were adopted in order to provide government the ability to break up regulatory capture. O block certain mergers that are determined to be uncompetitive. O block certain mergers and break up large firms into smaller ones. force the firm to sell off the profitable parts of its operation.
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