If regulators set a price according to marginal cost pricing, the firm will ______.
a. earn positive economic profits
b. make zero economic profits
c. suffer an economic loss
d. earn the same level of profits as it would absent regulation
Ans: c. suffer an economic loss
Economics
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Public goods are ________ in consumption
A) excludable but non-rival B) non-excludable and non-rival C) rival but non-excludable D) excludable and rival
Economics
Unemployment compensation is an example of a(n)
a. discretionary stabilizer b. countercyclical stabilizer c. cyclical stabilizer d. labor stabilizer e. automatic stabilizer
Economics