Which of the Following Governmental Actions Would Eliminate Some or All

question 408

Multiple Choice

Which of the following governmental actions would eliminate some or all of the inefficiency that results from monopoly pricing? The government could

• A)regulate the monopoly.
• B)prohibited the monopoly from price discriminating.
• C)force the monopoly to operate at a point where its marginal revenue is equal to its marginal cost.
• D)None of the above would eliminate any inefficiency associated with a monopoly.

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Definitions:

Episodic Memory

The retention of information about the where, when, and what of life’s happenings—that is, how individuals remember life’s episodes.

Central Executive

A component of working memory in cognitive psychology that controls and regulates cognitive processes, directing attention and managing tasks.

Working Memory

A cognitive system with a limited capacity, responsible for temporarily holding information available for processing and decision-making.

Short-Term Memory

The part of the memory system where information is stored for a short duration, typically a few seconds to a minute.