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Author Question: Government controls of price, output, entry of new firms, and quality of service in industries where ... (Read 52 times)

jlmhmf

  • Hero Member
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  • Posts: 552
on: Jun 30, 2018
Government controls of price, output, entry of new firms, and quality of service in industries where monopoly appears desirable are known as
 a. antitrust regulation
  b. economic regulation
  c. social regulation
  d. antimerger regulation
  e. consumer advocacy regulation

Question 2

The golden rule of profit maximization states that firms maximize profit by producing at the rate of output at which price equals average total cost.
 a. True
  b. False


courtney_bruh

  • Sr. Member
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  • Posts: 308
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


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