Some economists agree that monopolies are inevitable and bad, but they also believe that price regulation is the wrong way to combat the high prices of a monopolist. They prefer

Who is most likely to be worried about high inflation?

(A) A retired couple on a fixed income (B) A shopkeeper (C) A doctor with a suburban practice (D) A factory worker

Externalities occur when there is a lack of

A) free-riding. B) well-defined property rights. C) market participants. D) government regulation.