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Author Question: Compared to the profit-maximizing equilibrium of a natural monopoly, a price cap regulation ________ ... (Read 52 times)

Collmarie

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on: Jun 29, 2018
Compared to the profit-maximizing equilibrium of a natural monopoly, a price cap regulation ________ the firm's price and ________ the firm's output.
 
  A) raises; decreases
  B) lowers; increases
  C) raises; increases
  D) lowers; decreases

Question 2

What are the two basic types of economic systems?
 
  What will be an ideal response?


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succesfull

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

(1.) Command economies.
(2.) Laissez-faire economies.


Collmarie

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Bigfoot1984

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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