If a government determines that the provision of services by museums should be encouraged, then this means that the government has judged museum displays to be a(n)
A) government-sponsored good.
B) exclusive good.
C) government-inhibited good.
D) public good.
A
Economics
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What will be an ideal response?
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A common feature of regulated industries is cross-subsidization, which is a situation when one group of customers pays prices above costs while another group of customers pays prices below costs. The one group is subsidizing the other group
Is this practice more consistent with the capture hypothesis or the share-the-gains, share-the-pains theory? Explain.
Economics