Which of the Following Is True Regarding Types of Powers

question 52

Multiple Choice

Which of the following is true regarding types of powers administrative agencies have?

• A) Agencies have legislative, judicial, and executive power.
• B) Agencies have executive power and judicial power, but not legislative power.
• C) Agencies have executive power and legislative power, but not judicial power.
• D) Agencies have legislative power, but not executive power or judicial power.
• E) Agencies have legislative power and judicial power, but not executive power.

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Definitions:

Quantity of Output

The total amount of goods or services produced by a company or an economy in a given period.

Monopolistically Competitive Firm

A firm in a monopolistic competition operates in a market structure where many companies sell products that are similar but not identical, allowing for some degree of market power.

Cartel Production Quota

The allocated amount of production assigned to each member of a cartel, aiming to control supply and influence market prices.

Monopolistically Competitive Firm

A company that operates in a market with many competitors, each offering products that are similar but not perfect substitutes, allowing for some degree of market power in setting prices.