Canada Post, VIA Rail, and the CBC are examples of _________.

royal corporations
federal corporations
crown corporations
monopolistic competition

_______ is the process of selling a publicly owned corporation to private shareholders.

Regulation
Deregulation
Privatization
Going public

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

a consumer surplus law
a combine law
an anti-combine law
an anti-monopoly law

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

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

According to public interest theory, __________________.

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

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

consumer surplus
marginal product
total sales
economic profit

When one firm can supply the market at a lower price 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
average total cost
marginal revenue
price

An average cost pricing rule sets __________ equal to __________.

marginal revenue; average total cost
marginal revenue; average variable cost
price; average variable cost
price; average total cost

A rate of return regulation enables a regulated firm to _________ a specified percentage return __________.

earn; on its investments
pay; to its employees
pay; to its investors
earn; on its capital

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