The chartering process is similar to ________ potential borrowers and the restriction of risk assets by regulators is similar to ________ in private financial markets

A pessimistic view of the 1986 tax reform is that Congress simplified the tax code _____

a. because it represented a Pareto superior move b. created new loophole opportunities that did not exist previously c. in order to increase the efficiency in the system d. because it was in the best interests of the special interests

Refer to the above figure. The profit-maximizing price for this firm is

A) P1. B) P2. C) P3. D) P4.