Author Question: The social interest theory of regulation assumes that A) regulations favor voters over producers. ... (Read 88 times)

a0266361136 · **on:** Jun 29, 2018

The social interest theory of regulation assumes that

A) regulations favor voters over producers.
B) regulations promote the attainment of competitive output.
C) public officials seek to keep their jobs.
D) public officials favor consumers over producers.

Question 2

Electric utility companies have built larger and larger electric generating stations and, as a result, the long-run average cost of producing each kilowatt hour decreased. This is an example of

A) increasing marginal returns.
B) diminishing marginal returns.
C) economies of scale.
D) diseconomies of scale.