Any increase in efficiency increases only profits of producers, with no increase in output

In the economic way of thinking, private property rights provide people with

A) rules of the game. B) dependable information. C) incentives. D) none of the above. E) all of the above.

Which of the following best describes the capture theory of regulation?

i. Regulation seeks an efficient use of resources. ii. Regulation is aimed at keeping prices as low as possible. iii. Regulation helps firms maximize economic profit. A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii