Which of the following groups benefits from regulation, according to the special interest theory of regulation?
a. all consumers
b. all producers
c. only certain consumers
d. only certain producers
e. society as a whole
D
Economics
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Nick can purchase each milkshake for $2. For the first milkshake purchased Nick is willing to pay $4, for the second milkshake $3, for the third milkshake $2 and for the fourth milkshake $1
What is the value of Nick's consumer surplus for the milkshakes he buys? A) $2 B) $9 C) $3 D) $10
Economics
Think about cost structures associated with each of the following and decide which is most likely to be a natural monopoly
a. jewelry manufacturer b. tax-preparation firm c. movie theater d. city bus company e. dry cleaner
Economics