In Theory,placing a Price Control on a Natural Monopoly Should

question 135

Multiple Choice

In theory,placing a price control on a natural monopoly should:

• A) have the same outcome as public ownership.
• B) create negative economic profits for the company.
• C) reduce deadweight loss to zero.
• D) be easy for government to figure out because of easily accessible information.

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Definitions:

Reinforcement

In behavioral psychology, a consequence applied to an organism's environment that increases the likelihood of that organism repeating the associated behavior in the future.

Shaping Behavior

A method of positive reinforcement of behaviors that are successively closer to the desired behavior, used in behavior modification programs.

Positive Reinforcers

Stimuli that, when introduced following a behavior, increase the likelihood of that behavior being repeated in the future.

Psychologists

Professionals specialized in the study of the mind and behavior, working in various fields such as clinical, counseling, educational, and research settings.