If the government imposes a price ceiling below the monopolist's average cost curve, then in the long run the regulation makes:
A. consumers worse off.
B. consumers better off.
C. the monopolist better off.
D. None of the statements is correct.
Answer: A
Economics
You might also like to view...
If Kenya institutes policies that support economic freedom and growth, it is likely that Kenya will
A) immediately reap the benefits of double digit increase in economic growth. B) immediately reap the benefits of a 4 percent to 6 percent increase in economic growth. C) slowly reap the benefits of economic growth as the economy grows over time. D) lose control of the economy and plunge into a long recession. E) suffer from too much competition within its economy.
Economics
In the diagram, economic discrimination is best represented by point:
A. A.
B. C rather than D or E.
C. E rather than D or C.
D. F.
Economics