42. __________ suggests that political parties sacrifice some benefits of their

Question

42.   __________ suggests that political parties sacrifice some benefits of their strongest supporters and reallocates them to their weaker supporters.

a.   Lindahl pricing

b.   Rent seeking

c.   The median voter model

d.   All of the above

45. When __________ exists, Demsetz argued that rather than regulating the industry, franchise bidding for the right to supply the good or service produces competitive results.

a.   monopoly

b.   competition

c.   oligopoly

d.   natural monopoly

46. The Peltzman model of regulation always results in

a.   monopolists capturing the benefits or rents.

b.   consumers capturing the benefits or rents.

c.   monopolists and consumers sharing the benefits or rents.

d.   none of the above.

Explanation / Answer

Ans 42 option d i.e. all of the above.

Ans 45 option a i.e. Monopoly

Ans 46 option c i.e. monopolists and consumers sharing the benefits or rents.

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