Question

In: Economics

Martha lives near a paper mill. If she is concerned about the effects of the air...

Martha lives near a paper mill. If she is concerned about the effects of the air pollution from the plant, she should contact which regulatory agency?

a.

Consumer Product Safety Commission (CPSC)
b.

Occupational Safety and Health Administration (OSHA)
c.

Food and Drug Administration (FDA)
d.

Environmental Protection Agency (EPA)

Which of the following statements is true?

a.

Deficient information on unsafe products causes underconsumption.
b.

The rule of reason doctrine declares that the existence of monopoly alone is illegal.
c.

A vertical merger is a merger of firms that compete in the same market.
d.

Government regulation is economically justifiable for a natural monopoly.

Joe works in a factory producing chemicals used in paint manufacturing. If he is concerned about the effects of the chemicals that he works with on his health, he should contact which regulatory agency?

a.

Food and Drug Administration (FDA)
b.

Environmental Protection Agency (EPA)
c.

Securities and Exchange Commission (SEC)
d.

Occupational Safety and Health Administration (OSHA)

Solutions

Expert Solution

Rahul Sunny answered 3 years ago
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