Which of the following is an example of a federal mandate?
A) the Medicaid program B) an excise tax
C) the personal tax exemption D) the Food and Drug Administration (FDA)
A
Economics
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If more firms enter a market that initially had 20 firms in it, then the Herfindahl-Hirschman Index will ________
A) increase B) decrease C) not change D) change in an unpredictable direction
Economics
In the above figure, if the natural monopoly is regulated with an average cost pricing rule and the firm does not inflate its costs, then consumer surplus will be
A) $192 million. B) $108 million. C) $216 million. D) $60 million.
Economics