If producers cannot afford the fees for pollution rights,
a. they will pollute
b. they will buy pollution rights
c. they will sell pollution rights
d. they will have to find a cheaper way to deal with their pollution
e. they will not be able to use their pollution rights
D
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Refer to Table 4-6. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the market price of Marko's polo shirts is $30, producer surplus is
A) $0. B) $16. C) $52. D) $68.
A positive externality exists when
A. a person's or group's actions cause a benefit that is felt by others. B. a person's or group's actions cause a cost that is felt by others. C. market output is less than socially optimal output. D. a and c E. b and c
The Clayton Act prohibits “all contracts, combinations and conspiracies in restraint of trade.”
Answer the following statement true (T) or false (F)
Which of the following can a positive analysis accomplish?
a. It can tell an advertising executive what type of ads she ought to order. b. It can tell us how much the demand for a product will increase. c. It can tell us if one policy is better than another. d. It can tell a policy maker what is the best course of action.