Advantage of consumers with unfair pricing policies

Assignment Help Business Economics

Reference no: EM13984290

Public policy toward monopolies Suppose that the government is concerned that an electric utility company is taking advantage of consumers with unfair pricing policies. The government views electricity as a public good that is likely to be produced inefficiently by the private sector. Which of the following policy options might most effectively enable the government to achieve its objectives in this situation?

1. Regulate the pricing behavior.

2. Do nothing at all.

3. Turn the company into a public enterprise.

4. Use the law to increase competition.

Reference no: EM13984290

Questions Cloud

Virtue ethical theories are teleological : In Plato’s virtuous state composed of virtuous citizens, he argues that it must allow for _____ & thus is neither elitist nor totalitarian (i.e., dictatorial). Virtue ethical theories are teleological because they are based on natural ___________.

Explain your motivation for seeking master degree : Please briefly explain your motivation for seeking a Master's degree in social work. In your response, please explain what you anticipate changing as a result of a master's degree in social work and discuss your vision of how you will use your deg..

Presidential executive acts and religious tradition : Aristotle argues that whatever is the good in itself, it must be something sought which meets three criteria, namely that it must be. Among the rights discussed in class (& the handout), private property rights where justified on the grounds that the..

Activity of the soul according to virtue : Aristotle’s moral theory argues that _________________ is the primary end of human action. By “activity of the soul according to virtue,” Aristotle defines his subtle notion of ________.

Advantage of consumers with unfair pricing policies : Public policy toward monopolies Suppose that the government is concerned that an electric utility company is taking advantage of consumers with unfair pricing policies. The government views electricity as a public good that is likely to be produced i..

It would not cost firm to product anything in the short run : It would not cost a firm to product anything in the short run if price were:

Consider the market for coffee beans : Consider the market for coffee beans. Suppose that the prices of all other caffeinated beverages go up 30% while, at the same time, a new fertilizer boosts production at coffee plantations dramatically. Which of the following best describes what is l..

Major newspaper that attempts to analyze statistical data : Find an article in a major newspaper that attempts to analyze statistical data. Summarize it , and relate what you understand about the interpretation. Do you agree with the analysis as presented in the article?

Response to the foreign recession : Explain the likely effects of a U.S. recession on the demand for Canadian exports. What would be the effect on Canadian aggregate demand? Suppose the Bank of Canada viewed its monetary policy as being appropriate (for keeping output close to potentia..

User Account

All Pages