In Considering Whether to Regulate a Monopoly, Regulators Should Consider

question 46

Multiple Choice

In considering whether to regulate a monopoly, regulators should consider the tradeoff between

• A)the benefits to other industries and the costs to taxpayers.
• B)the cost of monitoring the firm and the increase in government tax revenues.
• C)deadweight loss and government tax revenues.
• D)profit margin and market prices.
• E)market power and efficiency.

---

Definitions:

Social Exclusion

A process where individuals or groups are systematically blocked from rights, opportunities, and resources that are normally available to members of society and necessary for social integration.

Coveted Internship

A highly sought-after temporary position, often in a prestigious organization or field, that offers valuable experience and networking opportunities.

Public Office

A position of authority or service in the government, elected or appointed, which involves fulfilling certain duties to the public.

Manifest Function

The recognized and intended consequences of any social pattern, contributing to societal equilibrium.