« previous next »

Author Question: Economic regulation aims to control the price, output, the entry of new firms, and the quality of ... (Read 13 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
on: Jun 30, 2018
Economic regulation aims to control the price, output, the entry of new firms, and the quality of service in industries in which monopoly appears inevitable or even desirable.
 a. True
  b. False

Question 2

Peg's Kegs sells kegs in a perfectly competitive market. Because low demand forced price below average variable cost, Peg has made the short-run decision to shut down. Her current loss is
 a. zero
  b. greater than if she had kept operating
  c. the same as the losses she was incurring while operating
  d. equal to fixed cost
  e. less than her total revenue


alexisweber49

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Tracking time of marker entry generates a chromosome map Tracking time of marker entry generates a chromosome map
Heat Exchanger Block Diagram Feedforward Control Heat Exchanger Block Diagram Feedforward Control
Heat Exchanger Block Diagram Feedback Control System Heat Exchanger Block Diagram Feedback Control System
Control of Homeostasis: Positive Feedback Control of Homeostasis: Positive Feedback
economic question economic question
Mechanisms of negative control of transcription Mechanisms of negative control of transcription
Video: Knee Animation

For a complete list of videos, visit our video library