One reason regulators push for higher prices in an industry is to
a. prevent excess profits in the industry.
b. protect the public from excessively low prices.
c. encourage usage of the good or service.
d. protect against the demise of existing firms.
d
Economics
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Although the FDIC was created to prevent bank failures, its existence encourages banks to
A) take too much risk. B) hold too much capital. C) open too many branches. D) buy too much stock.
Economics
According to the Taylor rule, if the inflation rate in the last year was 2% and output was equal to its full-employment level, the nominal Fed funds rate should be
A) 3%. B) 4%. C) 5%. D) 6%.
Economics