Policymakers Are Discussing Various Proposals Regarding How to Deal with Natural

question 575

Multiple Choice

Policymakers are discussing various proposals regarding how to deal with natural monopolies. Senator Huff wants to regulate natural monopolies by equating price with average total cost. Huff contends that such a policy will ensure that monopolies make every effort to reduce costs. Senator Puff wants the government to own natural monopolies. Puff argues that government-owned monopolies usually do a better job of holding down costs than privately owned monopolies. Which senator's argument is correct?

• A)Senator Huff
• B)Senator Puff
• C)both senators
• D)neither senator

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Definitions:

White Rat

Commonly used in psychological experiments, particularly in studies involving conditioning and behavior.

Loud Noise

A strong and potentially disturbing sound of high amplitude.

Startle and Fear Response

The automatic reaction to unexpected or threatening stimuli, often involving physical movement away from the source of threat.

Natural Environment Type Phobia

An intense, irrational fear of objects or situations that occur in the natural environment, such as heights, storms, or water.