Why are most endangered species belong to common property?
What will be an ideal response?
In contrast to private property, most endangered species are common property to which no one has a property right and thus has no vested interest in ensuring that their populations survive over time.
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If the market in the figure above changes from perfectly competitive to a profit-maximizing single-price monopoly, the amount of the gain in producer surplus is the area ________
A) ABH B) BFGH C) ACG D) BDEH E) ACE
Sam is responsible for ordering office supplies for the firm gets a bonus if the firm stays well-stocked at all times. The bonus implies he is more likely to
a. Pay lower prices for the supplies b. Pay higher prices for the supplies c. Have more stock outs d. Resign from the position
As long as some people anticipate policy, the economic consequences may be the same as if all persons do so
Indicate whether the statement is true or false
Related diversification occurs when
A. a business serves itself first before serving others. B. a business serves itself and many other common businesses. C. a business serves others first before serving itself. D. a business serves itself and allows others to serve it.