Managerial economics cannot be used to show how the imposition of auto import quotas: a. raises auto prices. b. creates the possibility of monopoly profits. c. is good public policy. d. reduces the availability of substitutes for domestically produced cars.   Government regulation is important because government: a. regulation reduces public-sector employment. b. produces most of society's services output. c. produces most of society's material output. d. uses scarce resources.

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