In cost-benefit analysis,regulatory intervention can be justified if the
A) Marginal benefit of regulation exceeds its marginal cost.
B) Economic cost of regulation exceeds the value of the improvements in government intervention.
C) Value of government failure exceeds the value of market failure.
D) Intervention improves market outcomes,regardless of costs.
Correct Answer:
Verified
Q73: Which of the following markets has not
Q74: Before deregulation of the telephone industry,
A)Telephone service
Q75: When regulation results in an inferior mix
Q76: The first major regulatory target in the
Q77: The collapse of AT&T's natural monopoly in
Q79: When there is market failure
A)Government intervention is
Q80: Which regulatory cost is borne by the
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