share your thought about the future of regulatory and market driven approaches to contain costs and current trends.

Economic regulation occurs when a. monopoly is the optimal market structure. b. the industry is highly competitive. c. the product is important to economic welfare. d. the government owns the assets of the industry How should the price of a natural monopoly be regulated under the public interest theory of regulation? a. setting price equal to the average cost of production b. allowing a price that maximizes the profit of the natural monopoly c. using a marginal cost pricing rule d. subsidizing other producers to compete with the monopoly The deadweight loss associated with a minimum wage occurs because a. the minimum wage increases the quantity of labor demanded. b. the minimum wage decreases the quantity of labor supplied. c. the minimum wage falls below the equilibrium wage. d. employment after the minimum wage is less than employment at equilibrium and so the marginal benefit of more work exceeds the marginal cost. For a product with external benefits like scientific or education…

What are some main reasons for government shutdown? List and explain at least 3 such reasons. Provide an example of an interest group (Tobacco business or other) and explain what tactics it has used to influence public policy. Has it been successful? Explain why?

Which of the following is NOT an example of government intervention in the market? a. Corporate social responsibility  b. Use of competition policy to prevent mergers  c. Regulation prices  d. Legislation banning the sale of the product