The type of regulation that attempts to keep prices and the rate of return in an industry at a competitive level is referred to as
A) cost-of-service regulation.
B) rate-of-return regulation.
C) service-opportunity regulation.
D) natural regulation.
Answer: B
Economics
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A wheat farmer and a firm in a perfectly competitive market are similar in that
A) both will earn an economic profit if their total revenue equals their total cost. B) both face vertical demand curves. C) both have to lower their prices if a rival firm lowers its price. D) both face horizontal demand curves.
Economics
Using the saving-investment approach, which of the following describes an equilibrium condition of GDP?
A. I = X ? IM B. S = X ? IM C. I = S + (X ? IM) D. S = I + (X ? IM)
Economics