In Cost-Benefit Analysis,regulatory Intervention Can Be Justified If the

question 137

Multiple Choice

In cost-benefit analysis,regulatory intervention can be justified if the

• A)Marginal benefit of regulation exceeds its marginal cost.
• B)Economic cost of regulation exceeds the value of the improvements in government intervention.
• C)Value of government failure exceeds the value of market failure.
• D)Intervention improves market outcomes,regardless of costs.

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Definitions:

Reset (RES)

A command or signal that initiates the restart or reinitialization of a device, system, or software to its default state.

Logic Continuity

Logic continuity refers to the unbroken flow of logical operations or conditions in a system, ensuring that the logical structure is maintained from input through processing to output.

TOF Timer

A "Timer Off-Delay" that starts timing when its input turns off, and after the preset time, changes the state of its output.

Time Base

"A unit of time generated by a microprocessor’s clock circuit and used by PLC timer instructions. Typical time bases are 0.01, 0.1, and 1.0 second."