Regulation Is Guaranteed to Be More Efficient Than a Monopoly

question 100

Multiple Choice

Regulation is guaranteed to be more efficient than a monopoly.

• A) True, the government is able to internalize the dead weight loss of the monopoly.
• B) True, the consumers are better off if government provides the product rather than a private firm.
• C) False, the government does not always have sufficient information to provide a more efficient market outcome.
• D) False, the consumers are worse off under government regulation.

---

Definitions:

Dominant Source

The primary or most influential source of information or authority in a given context.

Sensual Pleasure

Gratification obtained through engaging the senses, often emphasizing the importance of tactile, olfactory, gustatory, auditory, and visual experiences.

Genitals

The external organs of reproduction in humans and animals.

Libido

In psychoanalytic theory, a term used to describe sexual drive or desire, considered as a primary instinctual force.