Muir County Imposes a Moratorium on Building Until the County

question 2

Multiple Choice

Muir County imposes a moratorium on building until the county issues its land-use plan.According to the majority in Tahoe-Sierra Preservation Council,Inc.v.Tahoe Regional Planning Agency,this moratorium most likely is

• A)a taking and requires compensation.
• B)a taking but does not require compensation.
• C)not a taking and does not require compensation.
• D)not a taking but does require compensation.

---

Definitions:

Excess Capacity

The situation where a firm or an economy is producing less than its potential output, often indicating inefficiencies or a lack of demand.

Monopolistic Competition

A market structure characterized by many firms offering products that are similar but not perfect substitutes, allowing for some degree of market power.

Pure Competition

A market structure characterized by a large number of sellers and buyers, homogeneous products, and the ease of entering and exiting the market.

Product Differentiation

The process of distinguishing a product or service from others, to make it more attractive to a particular target market.