A regulated firm is _________, but has no __________
a. a monopolist; control over prices
b. privately owned; control over prices
c. privately owned; board of directors
d. a monopolist; board of directors
e. fully autonomous; board of directors
B
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Which of the following is a microeconomic question?
A) How much will be saved and how much will be produced in the entire economy? B) What will the level of economic growth be in the entire economy? C) What factors determine the price of carrots? D) What determines the average price level and inflation?
This agency is responsible for regulating the quality and safety of foods, health and medical products, pharmaceuticals, cosmetics, and animal feed.
A. Environmental Protection Agency B. Food and Drug Administration C. Equal Employment Opportunity Commission D. Federal Trade Commission