Today, you might be buying from a regulated natural monopoly when you purchase
A) a car, a truck, or a bicycle.
B) a computer, a phone, or a camera.
C) natural gas or electricity.
D) a house, a condominium, or a plot of land.
E) food in a grocery store or in a restaurant.
C
Economics
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If a person attends a public college and is not hired because the boss went to a private college, this might be an example of
A) statistical discrimination. B) racial discrimination. C) screening. D) moral hazard.
Economics
In a situation where an externality occurs, the "third party" refers to those who
A. are not directly involved in the transaction or activity. B. buy the product from others. C. produce the product for others. D. trade the product with others outside the nation or community.
Economics