Which of the following is the best explanation of why a lack of information is a problem when the government wants to impose price regulation on a monopolist?
a. the government does not have information about which firms are monopolies.
b. firms that are monopolies do not have information about their level of profit or about potential competition.
c. consumers do not have information about which firms are competitive and which firms are monopolies.
d. regulators do not have information about the demand and marginal costs of the firms that they regulate.
D
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Refer to Figure 11-4. Which of the following combinations of points illustrates changes in the Soviet Union's economy from 1950 to 1980?
A) A to B to C B) B to D C) B to E D) E to B
The upward trend in the currency-deposit ratio during 1994-2007 can be explained by
A) the increased holdings of U.S. currency by foreigners. B) bank panics. C) a drop in the rate of interest paid on checking deposits. D) high taxes and illegal activities.