Author Question: Price cap regulation A) does not provide incentives to firms to minimize their costs because ... (Read 102 times)

deesands · **on:** Jun 29, 2018

Price cap regulation

A) does not provide incentives to firms to minimize their costs because firms cannot change prices.
B) sets the maximum price these firms can charge.
C) gives firms the incentive to exaggerate their costs.
D) Both answers A and C are correct.
E) Both answers A and B are correct.

Question 2

Property taxes in the U.S. are ________.

A) progressive
B) regressive
C) proportional
D) negative