One Reason Regulators Push for Higher Prices in an Industry

question 47

Multiple Choice

One reason regulators push for higher prices in an industry is to

• A)prevent excess profits in the industry.
• B)protect the public from excessively low prices.
• C)encourage usage of the good or service.
• D)protect against the demise of existing firms.

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Definitions:

Ethnic Groups

Communities or populations sharing common cultural attributes, ancestry, language, history, and often geographic origin.

Asian American

A person of Asian ancestry or descent, living in the United States, and often referring to a diverse group with varying cultural, linguistic, and religious backgrounds.

Filial Piety

A virtue of respect for one's parents and ancestors in many cultures, particularly prominent in Confucian philosophy.

Younger Generation

Refers to the group of individuals who are significantly younger in age compared to another specified group, often implying recent or innovative perspectives.