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Author Question: Government regulation can improve economic efficiency if _____. a. regulators encourage ... (Read 151 times)

viki

  • Hero Member
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  • Posts: 525
on: Jul 1, 2018
Government regulation can improve economic efficiency if _____.
 
  a. regulators encourage uncompetitive markets to act competitively
  b. regulators have private information firms do not have
  c. regulators are able to coordinate inter-industry actions to achieve efficiencies
   d. regulators base their actions on the revealed preferences of market participants

Question 2

Technological efficiency is
 
  A) a necessary and sufficient condition for profit maximization.
  B) a sufficient but not necessary condition for profit maximization.
  C) a necessary but not sufficient condition for profit maximization.
  D) a theoretical construct with little connection to the real world.


Chou

  • Sr. Member
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  • Posts: 335
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

C


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