To regulate monopoly and oligopoly, the government implements __________________.

competition regulation
regulation, monopoly control laws, and public ownership
deregulation
monopolyland oligopoly control laws

The process of removing restrictions on prices, product standard types, and entry conditions is ________________.

monopoly control
deregulation
private control
regulation

A law that regulates and prohibits market behaviour such as monopoly and monopolistic practices is ______________.

anti-monopoly control
a regulation law
monopoly control law
a consumer surplus control

The factors that affect the demand for regulation include all of the following except __________________.

consumer surplus per buyer
the number of buyers and firms
the type of good or service
producer surplus per firm

According to public interest theory, ________________________.

monopoly practices last forever
markets achieve allocative efficiency through regulation
price regulations are unconstitutional
deadweight loss increases over time

The capture theory holds that regulations are supplied to maximize _______________________.

economic profit
consumer surplus
total sales
marginal product

When one firm can supply the market at a lower average cost than two or more firms can, there is a ______________.

cost monopoly
copyright
legal monopoly
natural monopoly

When a marginal cost pricing rule is enforced, marginal cost equals ______________________.

total revenue
price
average total cost
marginal revenue

An average cost pricing rule sets __________________________.

price equal to average total cost
marginal revenue equal to average total cost
price equal to average variable cost
marginal revenue equal to average variable cost

A rate of return regulation enables a regulated firm to ___________________________.

earn a specified percentage return on its investments
earn a specified percentage return on its capital
pay a specified percentage return to its employees
pay a specified percentage return to its investors