Which Is the Most Valid Criticism of the Regulation of Natural

question 135

Multiple Choice

Which is the most valid criticism of the regulation of natural monopolies and other firms subject to regulation by regulatory commissions?

• A)It is difficult to find enough honest people to serve on regulatory commissions.
• B)Such regulation is unnecessary and amounts to creeping socialism.
• C)Many members of such commissions are appointed rather than being elected.
• D)Regulated firms may have little incentive to contain costs since they are assured a "fair" return above costs.

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Definitions:

Polysynaptic

Involving multiple synapses between more than two neurons in a reflex or neural pathway.

Monosynaptic

Referring to a reflex arc that involves only one synapse between the sensory neuron and the motor neuron, resulting in a direct and immediate response.

Reflex Arcs

The neural pathway that mediates a reflex action, involving sensory neurons, interneurons, and motor neurons.

Biceps Brachii

A muscle located in the upper arm that flexes the elbow and rotates the forearm, consisting of two heads.