Regulatory Lag Refers to

question 157

Multiple Choice

Regulatory lag refers to

• A)the fact that most regulated firms are slow to change their structures of production.
• B)the fact that most regulated firms are slow to respond to their customers' preferences.
• C)the time period between when a natural monopoly's costs change and when the regulatory agency adjusts prices for the natural monopoly.
• D)the time period between when natural monopoly begins to produce its output and when it sells its product.
• E)none of the above

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