Author Question: Economic regulation aims to control the price, output, the entry of new firms, and the quality of ... (Read 69 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
Economic regulation aims to control the price, output, the entry of new firms, and the quality of service in industries in which monopoly appears inevitable or even desirable.
 a. True
  b. False

Question 2

Peg's Kegs sells kegs in a perfectly competitive market. Because low demand forced price below average variable cost, Peg has made the short-run decision to shut down. Her current loss is
 a. zero
  b. greater than if she had kept operating
  c. the same as the losses she was incurring while operating
  d. equal to fixed cost
  e. less than her total revenue



alexisweber49

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

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?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

For a complete list of videos, visit our video library