A firm that responds to a regulatory rule in a way that permits technical compliance while allowing the firm to violate the spirit of the regulation has
A) reduced the scope of the lemons problem.
B) shared the gains and pains of regulation.
C) engaged in a creative response to regulation.
D) become a captured regulator.
C
Economics
You might also like to view...
An increase in demand combined with no change in supply
A) raises the equilibrium price. B) lowers the equilibrium price. C) results in only a movement rightward along the demand curve. D) decreases demand because the supply curve does not shift.
Economics
The simultaneous export and import of widgets by the United States is an example of
A) intra-industry trade. B) increasing returns to scale. C) imperfect competition. D) inter-industry trade. E) the effect of a monopoly on international trade.
Economics