Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

why are price controls often used in the electricity distribution industry a. price controls can ensure that providers receive enough revenue to avoid blackouts and

why are price controls often used in the electricity distribution industry

a. price controls can ensure that providers receive enough revenue to avoid blackouts and shortage

b. price controls prevent providers from price-gouging during times of electricity shortage

c. electricity is a necessary good and price controls ensure it remains affordable

d. all of these answers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Vanishing American Corporation Navigating The Hazards Of A New Economy

Authors: Jerry Davis, Gerald F Davis

1st Edition

1626562792, 9781626562790

More Books

Students also viewed these Economics questions

Question

Summarize life insurance and disability insurance.

Answered: 1 week ago

Question

Discuss voluntary benefits.

Answered: 1 week ago

Question

Identify employee service benefits.

Answered: 1 week ago