Price cap regulation is defined as regulation that
A) imposes a price ceiling on the regulated firm.
B) encourages firms to exaggerate costs to increase profits.
C) uses marginal cost pricing to ensure efficient output.
D) uses average cost pricing to ensure costs are covered.
E) is essentially the same as rate of return regulation.
A
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Which of the following statements is TRUE?
A) The voting power of a nation in the International Monetary Fund is determined by its quota subscription. B) The voting procedure in the International Fund is determined by the World Bank. C) The voting power of a nation in the International Monetary Fund is called special drawing rights. D) All nations that belong to the International Monetary Fund have equal voting power.
The conflict between the Vice President of Marketing and her sales staff arises because
a. the sales staff are unwilling to offer discounts b. the Vice President does not want to negotiate aggressively enough to maximize profits c. the sales staff want to negotiate too aggressively d. the Vice President is more willing to offer discounts to make the sale