If Regulators of the Local Gas and Water Utility Companies

question 170

Multiple Choice

If regulators of the local gas and water utility companies require those firms to price their service at marginal cost

• A) there would be a deadweight loss in their markets.
• B) the firms might require a tax-financed subsidy to survive.
• C) their customers would enjoy no consumer surplus.
• D) None of the above answers are correct.

---

Definitions:

Behavioral Genetics

The study of the role genetic factors play in influencing behaviors, personality, and psychological traits.

Hereditary Factors

Genetic characteristics and traits passed down from parents to their offspring.

Natural Selection

The process by which organisms better adapted to their environment tend to survive and produce more offspring.

Self-actualization

Fulfilling or actualizing one's innate gifts and capacities, regarded as a compelling urge or essential need existing in every person.