If an industry is a natural monopoly and regulators decide that the firm must price at marginal cost, then consumers will be ________ off than if the firm was unregulated and the firm's owners will be ________ off than if it was unregulated.
A) better; better
B) better; worse
C) worse; better
D) worse; worse
Question 2
The inefficiency created by income taxation occurs due to
A) the cost of collecting taxes and making welfare payments.
B) motivating welfare recipients to work less.
C) motivating income earners to work less.
D) All of the above answers are correct.
Three principle forms of natural selection: (a) stabilizing selection, (b) directional selection, an
A 19-foot-long blue whale skull in the collections of the Smithsonian Museum of Natural History
Uranus's southern hemisphere in approximate natural colour (left) and in shorter wavelengths (r
Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt
Natural Resource Prices, 1850–2010
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...