This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Economic regulation is government policy designed to a. improve health and safety in products and ... (Read 162 times)

Medesa

  • Hero Member
  • *****
  • Posts: 507
on: Jun 30, 2018
Economic regulation is government policy designed to
 a. improve health and safety in products and in working conditions
  b. prevent firms from monopolizing or developing a cartel in existing competitive markets
  c. eliminate existing monopolies by breaking them apart into many smaller firms
  d. create monopolies by forcing competitive firms to merge
  e. control price and output in industries where monopoly is desirable

Question 2

Perfectly competitive firms that earn an economic profit in the short run choose the output that
 a. maximizes total revenue
  b. minimizes total cost
  c. maximizes the difference between total revenue and total cost
  d. maximizes the difference between total revenue and explicit cost
  e. maximizes the difference between total revenue and implicit cost


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

C


Medesa

  • Hero Member
  • *****
  • Posts: 507
Reply #2 on: Jun 30, 2018
Correct answers!


jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Other Professionals in Health Care Other Professionals in Health Care
The permissible exposure limit (PEL) and immediately dangerous to life and health (IDLH) ... The permissible exposure limit (PEL) and immediately dangerous to life and health (IDLH) ...
Gastric Phase of Digestion: Regulation of Gastric Juice pH and Gastric Motility Gastric Phase of Digestion: Regulation of Gastric Juice pH and Gastric Motility
economic question economic question
economic question economic question
Video: Stroke volume - preload, sarcomere length and Frank -Starling law

For a complete list of videos, visit our video library