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.
Increasing Costs of Natural Disasters
The birth weight of human infants is tightly constrained by natural selection.
When a Tornado Strikes: Social Organization Following a Natural Disaster
Marginal Supply - Demand Curve
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
A Model of Natural Selection Favoring the Heterozygous Genotype