Policymakers Are Discussing Various Proposals Regarding How to Deal with Natural

question 575

Multiple Choice

Policymakers are discussing various proposals regarding how to deal with natural monopolies. Senator Huff wants to regulate natural monopolies by equating price with average total cost. Huff contends that such a policy will ensure that monopolies make every effort to reduce costs. Senator Puff wants the government to own natural monopolies. Puff argues that government-owned monopolies usually do a better job of holding down costs than privately owned monopolies. Which senator's argument is correct?

• A)Senator Huff
• B)Senator Puff
• C)both senators
• D)neither senator

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Definitions:

Temporal Lobes

Regions of the cerebral cortex located beneath the temples, involved in processing auditory information and encoding memory.

Personality Changes

Alterations in a person's customary patterns of behavior, thoughts, and feelings, which may result from developmental stages, life experiences, or neurological factors.

Axons

Axons are long, slender projections of a nerve cell, or neuron, that conduct electrical impulses away from the neuron's cell body or soma.

Neuron

A cell of the nervous system that transmits information through electrical and chemical signals.