Why Is the Administrative Burden of Regulating Price in a Monopolistically

question 42

Multiple Choice

Why is the administrative burden of regulating price in a monopolistically competitive market relatively large

• A)because of economies of scale
• B)because price is usually below marginal cost
• C)because of the large number of firms that produce differentiated products
• D)because firms produce with excess capacity

---

Definitions:

Independent Groups

This term describes a research design in which different participants are used in each group or condition of the experiment.

Repeated Measures

A research design in which the same subjects are tested under each condition.

Posttest Data

The data collected after an intervention or treatment in a study, used to assess its effects.

Mortality

The incidence of death within a particular population or the state of being mortal.