Author Question: The purpose of social regulation is A) to force a firm to produce at the point where marginal ... (Read 32 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
The purpose of social regulation is
 
  A) to force a firm to produce at the point where marginal cost equals marginal revenue.
  B) to control the quality of service provided by a monopolist.
  C) to control the price that regulated enterprises are allowed to charge.
  D) to focus on the impact of production on the environment and society, the working conditions under which goods and services are produced, and sometimes the physical attributes of goods.

Question 2

The theory of monopolistic competition was developed in two separate models by
 
  A) Adam Smith and David Ricardo.
  B) John Kenneth Galbraith and John Maynard Keynes.
  C) Edward Chamberlin and Joan Robinson.
  D) Roger Leroy Miller and Paul Samuelson.



carolinefletcherr

  • Sr. Member
  • ****
  • Posts: 313
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

For a complete list of videos, visit our video library