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2 pages/≈550 words
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Level:
MLA
Topic:
Mathematics & Economics
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Article
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English (U.S.)
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Topic:

Microeconomics Theory Questions Research Assignment

Instructions:

Please read the article attatched first and answer the questions. Thank you so much. the quality must be gguarantee.

Content:

Name
Instructor
Course
Date
MICROECONOMICS THEORY QUESTIONS
I. What do the authors believe is the most appropriate measures of theeffectiveness of regulation?
A. When did the deregulation period the authors are studying occur?
The deregulation period mostly started from the mid 1970's, accelerating in the 1980's up to the mid 1990's.
In which industries were regulations relaxed?
The industries affected by the deregulation are the airline, trucking, railroad (transportation), financial, and telecommunication and natural gas (energy) sectors.
B. How much time has passed since the passing of these regulations?
It is now more than four decades since the regulations were adopted, but it was more than twenty years after the article was published
Why does the author believe in this time scale?
The author believes that it is important to consider the costs, benefits and inefficiencies two decades after loosening regulations, especially in the airline sector.
C. What do the authors believe economists' view of the welfare effectsof regulation have been? Does he believe there is a disagreement between how economists understand the effect of regulation andhow it is more widely vi

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