There Is Reason to Regulate the Prices of Firms in Industries

question 81

Multiple Choice

There is reason to regulate the prices of firms in industries that

• A)are strategically important to the country.
• B)are natural monopolies.
• C)have potential external costs for the country as a whole.
• D)are usually regulated by regulatory authorities.
• E)produce public goods.

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Definitions:

Silla Rulers

Leaders of the Silla Kingdom, one of the Three Kingdoms of Korea, known for unifying the Korean Peninsula in the 7th century.

Buddhist Temples

Places of worship and meditation in Buddhism, which can vary greatly in size, style, and function, depending on the region.

Kyongju

A historic city in South Korea, known for its extensive archaeological sites from the Silla dynasty.

Yan Liben

a prominent Chinese painter and government official of the Tang Dynasty, renowned for his portraits, particularly of historical figures and court members.