Hiring over 260,000 U.S.federal workers to oversee and operate regulatory agencies involves
A) Zero costs since the market outcomes will be improved.
B) Government failure in every case.
C) Forgoing output that could be produced if the workers were employed elsewhere.
D) Some opportunity costs only if market outcomes do not improve.
Correct Answer:
Verified
Q28: Market failure occurs in natural monopolies because
A)The
Q29: Marginal cost pricing means that a firm
Q37: An unregulated natural monopoly can lead to
Q37: When a firm experiences positive economic profits
Q42: Output regulation is likely to result in
A)A
Q43: A natural monopoly has an incentive to
Q47: If government failure did not exist,
A) Laissez
Q52: In the real world,the choice is between
A)Perfect
Q55: Profit regulation occurs when regulation requires the
Q56: In the absence of a subsidy,production efficiency
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