Suppose that government requires airline companies to have at least 30 airplanes and serve at least 20 different airports. This is an example of
A) safety concerns.
B) perfect information.
C) barriers to entry.
D) labor union power.
C
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Coinsurance reduces moral hazard in exactly the same way as
A) limits on insurance. B) risk-based premiums. C) deductibles. D) restrictive provisions.
Explain why the supply-and-demand model should not be used to analyze the market for jeans
What will be an ideal response?
Recall the Application about how having car insurance affects driving behavior to answer the following question(s).Recall the Application. Explain the effect of mandatory car insurance laws on the number of traffic accidents and fatalities.
What will be an ideal response?
An example of a good that is rival in consumption is:
A. an air show over the whole city. B. a floral display at a large university's graduation ceremony. C. a scientific discovery that allows florists to grow flowers to which no one is allergic. D. a Big Mac.