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39) the federal trade commission is an agency that would enforce A) economic regulation B) antitrust laws C) social regulation D) fair pricing for consumers
39) the federal trade commission is an agency that would enforce A) economic regulation B) antitrust laws C) social regulation D) fair pricing for consumers 40) a possible market solution that a reputable firm can engage in when faced with the lemons problem is A) to engage in externalities B) to use a average cost pricing C) to create asymmetric information D) to offer a warranty 41) the lemons problem occurs mainly because of A) a market failure B) negative externality C) asymmetric information D) positive externality 42) the notion that regulated industry members themselves sooner or later are able to control regulatory bodies is referred to as A) cartelization B) consumerism C) the capture theory D) the control theory 43) the argument thag suggest that regulators balance the interest of firms consumers and legislators is called A) the theory of optimal regulation B) the creative response theory C) the capture hypothesis D) the share the gains share the pains theory 44) in some cases social regulation may alter individual's behavior for example there is evidence to indicate that as more Automobile safety regulations have been introduced more individuals have begun to force recklessly this phenomenon is know as A) the share the gains effect B) the feedback effect C) the share the pains effect D) the capture effect
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