Economic regulation occurs when
a. monopoly is the optimal market structure
b. the industry is highly competitive
c. the product is important to economic welfare
d. the government owns the assets of the industry
e. the product price, if left unregulated, would be too low
A
Economics
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Price indexes can overstate inflation because they
A) omit some quality improvements. B) do not contain the prices of any used goods. C) do not contain the prices of foreign goods. D) do not contain the prices of services.
Economics
The income elasticity of demand for store brands of soda (that is, non-name brands) is negative. What does this fact indicate about consumers' perceptions about the store brands?
What will be an ideal response?
Economics