After investigating an idea to open a rooftop restaurant in the downtown area of your community, you discover that any rooftop restaurant would violate city regulations. These circumstances would not be considered normal due to:
A. market failure.
B. goals other than profit.
C. innovation.
D. intervention.
Answer: D
You might also like to view...
If individuals become so discouraged that they stop seeking jobs, then the:
a. Unemployment rate rises and the employment rate falls. b. Unemployment rate falls and employment rate stays the same. c. Unemployment rate falls and the employment rate falls. d. Unemployment rate remains the same and the employment rate stays the same. e. Unemployment rate falls, and the employment rate rises.
Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. 
Figure 15.4 Refer to Figure 15.4. If The Hand Made Shirt Shop is monopolistically competitive, what is the maximum level of average variable cost that would lead to the firm continuing to operate at the profit-maximizing level in the short run?
A. $18 B. $22 C. $23 D. $25
The demand curve facing a perfectly competitive firm is: a. perfectly inelastic. b. perfectly elastic
c. unit elastic. d. downward sloping.
Of the four major market structures, perfect competition is the best at achieving economic efficiency
a. True b. False