The figure above shows the market for coffee. If one firm owns all the coffee outlets and sells 10 million pounds of coffee a month, the deadweight loss is
A) zero.
B) $7.5 million.
C) $15 million.
D) $10 million
B
You might also like to view...
Investment banks in the U.S. are
A) regular banks specializing in investment projects. B) not banks at all but institutions which specialize in underwriting sales of stocks and bonds. C) special arm of the U.S. government for U.S. banks operating outside the U.S. D) regular banks specializing in investment projects, but allowed to offer limited domestic transactions. E) international banks that are heavily invest in the U.S.
The bargaining power of customers is not one of Porter's five forces
Indicate whether the statement is true or false
If the consumer price index were 233.8 last year, 261.3 today, a level of _____ next year would represent disinflation.
A. 261.3 B. 661.3 C. 283.1 D. 260.0
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y2. C. P3 and Y1. D. P2 and Y3.