1. (TCO B) The governing statute for the regulation of telecommunications in the
ID: 3681688 • Letter: 1
Question
1. (TCO B) The governing statute for the regulation of telecommunications in the United Sates is: (Points : 5)
Cable Television Consumer Protection Act of 1934
The Digital Millennium Copyright Act
The Communications Act of 1934
The Telecommunications Act of 2006
Question 2.2. (TCO D) Which of the following industries or companies is generally considered a natural monopoly according to Judge Posner's opinion in the Omega Satellite case? (Points : 5)
Wal-Mart (retail)
Comcast (cable TV)
Microsoft (software provider)
Sprint (PCS provider)
Question 3.3. (TCO B) The process by which we determine laws is: (Points : 5)
The Negotiation Process
The transformational process
The Rosemary Standard
The Regulatory Process
Question 4.4. (TCO B) Which of the following statements about a NPRM (Notice of Proposed Rulemaking) is true? (Points : 5)
An NPRM contains a discussion of the issues to be addressed and proposed regulations in response to these issues.
An NPRM is issued by the courts in response to litigation.
After reviewing comments on the NPRM, the FCC must release a final order (usually in the form of a Report and Order) that adopts some variant of the proposed rule, alters an existing rule, or decides not to take any action.
An NPRM is issued as a directive of U.S. House of Representatives.
Question 5.5. (TCO F) Which of the following terms is known as a method of setting prices applicable in many situations, including situations where a single firm or entity must recover fixed costs and can do so by manipulating prices on more than one good? This form of pricing suggests that the most efficient way to recover those fixed costs is to set price levels for the goods such that, when comparing the goods, the good for which consumers are less sensitive to price is priced such that there is a greater difference between price and marginal cost than there is for the good for which consumers are more sensitive to price. The correct answer is_____ (Points : 5)
Price Cap Regulation
Tariff
Ramsey Pricing
Rate-of Return Regulation
Cream Skimming
Explanation / Answer
Answer:
1. The governing statute for the regulation of telecommunications in the United Sates is:
Answer is : The Communications Act of 1934
Question 2.2.Which of the following industries or companies is generally considered a natural monopoly according to Judge Posner's opinion in the Omega Satellite case?
Answer is : Comcast (cable TV)
Question 3.3. The process by which we determine laws is:
Answer is : The Regulatory Process
Question 4.4. (TCO B) Which of the following statements about a NPRM (Notice of Proposed Rulemaking) is true?
Answer is :
An NPRM contains a discussion of the issues to be addressed and proposed regulations in response to these issues.
After reviewing comments on the NPRM, the FCC must release a final order (usually in the form of a Report and Order) that adopts some variant of the proposed rule, alters an existing rule, or decides not to take any action.
An NPRM is issued as a directive of U.S. House of Representatives.
Question 5.5.Which of the following terms is known as a method of setting prices applicable in many situations, including situations where a single firm or entity must recover fixed costs and can do so by manipulating prices on more than one good? This form of pricing suggests that the most efficient way to recover those fixed costs is to set price levels for the goods such that, when comparing the goods, the good for which consumers are less sensitive to price is priced such that there is a greater difference between price and marginal cost than there is for the good for which consumers are more sensitive to price. The correct answer is_____
Answer is : Price Cap Regulation
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