« previous next »

Author Question: What is meant by consumer sovereignty? What will be an ideal ... (Read 105 times)

sheilaspns

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
What is meant by consumer sovereignty?
 
  What will be an ideal response?

Question 2

A natural monopoly under rate of return regulation has an incentive to
 
  A) pad its costs.
  B) produce more than the efficient quantity of output.
  C) charge a price equal to marginal cost.
  D) maximize consumer surplus.


Liddy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 29, 2018
Answer to Question 1

Consumer sovereignty is the idea that consumers ultimately dictate what will be produced (or not produced) by choosing what to purchase (or not to purchase).

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

The Number of Children Americans Think Are Ideal The Number of Children Americans Think Are Ideal
A variety of sugar substitutes is available to the consumer A variety of sugar substitutes is available to the consumer
From Farm to Consumer From Farm to Consumer
Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ... Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ...
A very light ideal spring stretches by when it is used to hang a 135-N object. What is the ... A very light ideal spring stretches by when it is used to hang a 135-N object. What is the ...
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Video: Role of ATP in muscle movement

For a complete list of videos, visit our video library