Q7. A regulatory commission that seeks to have regulated companies set prices at a level that provides a reasonable profit to the companies is utilizing which of the following methods of regulation? A) Cost-of-service regulation. B) Social regulation. C) Rate-of-return regulation.
Q8. In general, the regulatory body of an industry with a natural monopoly will attempt to set industry prices at which point on the supply/demand curve? A) Marginal revenue = average cost. B) Marginal revenue = marginal cost. C) Average cost = demand.
Q9. When a firm operates with the lowest cost per unit and the capacity to produce all of the industry’s output, this economic structure is best described as: A) an oligopoly. B) a competitive monopoly. C) a natural monopoly.
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发表于 2009-1-7 15:12
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