Author Question: Regulation that specifies that a firm's profits must be shared with its customers if the profit ... (Read 53 times)

DelorasTo · **on:** Jun 29, 2018

Regulation that specifies that a firm's profits must be shared with its customers if the profit rises above a target level is called

A) rate of return regulation.
B) minimum price regulation.
C) earnings sharing regulation.
D) average cost pricing.

Question 2

What is a command economy?

What will be an ideal response?

mceravolo · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

A command economy is one in which a central government either directly, or indirectly, sets output targets, incomes, and prices. It may even involve direct government ownership of the means of production and central planning of the economy.