If an Industry Is a Natural Monopoly and Regulators Decide

question 387

Multiple Choice

If an industry is a natural monopoly and regulators decide that the firm must price at marginal cost, then consumers will be ________ off than if the firm was unregulated and the firm's owners will be ________ off than if it was unregulated.

• A) better; better
• B) better; worse
• C) worse; better
• D) worse; worse

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Definitions:

Prophase I

The first stage of meiosis I where chromosomes condense, pair up, and exchange genetic material through crossing over, essential for genetic diversity.

Homologous Chromosomes

Pairs of chromosomes in a diploid organism that are similar in size, shape, and gene content, one inherited from each parent.

Sister Chromatids

Sister chromatids are two identical copies of a single replicated chromosome that are connected by a centromere and eventually separated during cell division.

Daughter Cell

A cell that results from the division of a single parent cell, usually having the same genetic material as the parent cell.