Rate of return regulation, as currently applied to many natural monopolies such as public utilities,
A) generally involves the use of price caps.
B) gives the firms an incentive to inflate their costs.
C) gives the firms an incentive to cut their costs as much as possible.
D) generally keeps their prices higher than if they were unregulated monopolists.
B
Economics
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Which of the following would be most likely to improve the standard of living of people in less-developed nations?
a. the development of strong labor unions b. an increase in foreign investment c. an increase in the share of the population under fifteen years of age d. higher tariffs and the imposition of other restraints designed to restrict international trade
Economics
Which of the following is the best synonym for "marginal" in economics?
A. Scarce B. Additional C. Basic D. Minor
Economics