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Author Question: Regulation is guaranteed to be more efficient than a monopoly. A) True, the government is able to ... (Read 85 times)

roselinechinyere27m

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Regulation is guaranteed to be more efficient than a monopoly.
 
  A) True, the government is able to internalize the dead weight loss of the monopoly.
  B) True, the consumers are better off if government provides the product rather than a private firm.
  C) False, the government does not always have sufficient information to provide a more efficient market outcome.
  D) False, the consumers are worse off under government regulation.

Question 2

Which of the following markets would reach long-run equilibrium fastest?
 
  A) online retail
  B) auto dealers
  C) oil extraction
  D) World Series tickets


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poopface

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