Which of the following best describes the capture theory of regulation?
i. Regulation seeks an efficient use of resources.
ii. Regulation is aimed at keeping prices as low as possible.
iii. Regulation helps firms maximize economic profit.
A) i only
B) ii only
C) iii only
D) i and ii
E) i, ii, and iii
C
Economics
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Which of the following entities is able to sue a firm for alleged antitrust misbehavior in the U.S.?
a. Department of Illegal Affairs b. Department of State c. Department of Homeland Security d. Department of Justice e. Department of Labor
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Token money is money that can be used for change for other money
Indicate whether the statement is true or false
Economics