The Wheeler-Lea Act of 1938 empowered the Federal Trade Commission to
Group of answer choices
deal with anticompetitive mergers that occurred as a result of one company acquiring the physical assets of another company.
deal with false and deceptive advertising.
deal with unfair methods of competition and to determine which actions taken by businesses were too aggressive.
regulate the trucking and railroad industries.
decrease the failure rate of small businesses by protecting them from competition from large and growing chain stores.
Exhibit 26-5
Refer to Exhibit 26-5. If the natural monopoly firm were to maximize profits it would produce __________ quantity of output and charge a price of __________ per unit.
Group of answer choices
Q1; P3
Q1; P2
Q2; P3
Q3; P2
Q3; P3
The public choice theory of regulation states that a regulatory agency makes decisions based on
Group of answer choices
surveys of what the public believes is in the best interest.
its own conception of what is in the public's best interest.
how these decisions affect the well-being of the agency itself.
how these decisions affect the economic profits of the regulated firms.