Which of the Following Statements Is (Are) TRUE

question 65

Multiple Choice

Which of the following statements is (are) TRUE?
I. If the government regulates the price of a natural monopoly such that price equals marginal cost, the natural monopolist may earn a negative profit.
II. Government regulation of natural monopolies is straightforward because regulators can precisely estimate the demand and cost conditions of regulated firms.
III. Government regulation based on production costs makes firms less likely to reduce costs if lower costs lead to lower regulated prices.

• A) I, II, and III
• B) II and III
• C) I and III
• D) I

---

Definitions:

Female Offenders

Women who have committed criminal acts, focusing on their experiences, treatment, and representation in the criminal justice system.

Physically Injured

Having sustained harm or damage to the body due to external force or accident.

Intra-Racial Pattern

A term related to behaviors, attitudes, or structures that occur within the same racial group.

Rapes

The act of sexual assault, typically involving sexual intercourse or other forms of sexual penetration, carried out against a person without that person's consent.