Which of the following is not correct?
a. Antitrust laws may prevent mergers that would actually raise social welfare.
b. Public ownership is the most common public policy toward monopolies in the United States.
c. Regulation is a common strategy for a natural monopoly.
d. Sometimes the best public policy toward a monopoly may be to do nothing.
b
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____________________: provides a minimal discussion of the appraisal with large numbers of references to internal file documentation. If the client just wants to know what the property is worth and does not intend to provide the appraisal to anyone for their use or references, a restricted report may be sufficient.
Fill in the blank(s) with the appropriate word(s).
If the government keeps the price of bread low through subsidies, and farmers consequently buy bread to feed to their pigs, we can infer that
A) pigs are more valuable than people. B) pork is more valuable than people. C) the farmers find it efficient to feed bread to pigs. D) the market system is not working. E) waste is occurring because marginal benefit is less than marginal cost.