Command-and-control regulation tends to:
a. increase the costs of production to reflect the social costs
b. increase the deadweight loss caused by negative externalities.
c. decrease the cost of production of firms.
d. increase subsidies in order to increase the private benefit of consumption.
a
Economics
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Evaluate the following two statements: "He is income rich but he is not very wealthy" "He is income poor but he is wealthy"
What will be an ideal response?
Economics
If two firms are producing the exact same product, it ________ possible for the firms to earn economic profit in a Cournot oligopoly and it ________ possible for the firms to earn economic profit in a Bertrand oligopoly.
A) is; is B) is not; is not C) is not; is D) is; is not
Economics