Price cap regulation is regulation that

A) is a marginal cost pricing rule.
B) is an average cost pricing rule.
C) imposes a price ceiling on the regulated firm.
D) has the same incentive effects as does rate of return regulation.
E) is the same as allowing the firm to operate as if it was totally unregulated.

C

Economics

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In the short run, which of the following actions lower the interest rate?

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Scarcity always exists because

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