In the early 20th century, segregation of street cars made streetcar companies
a. more profitable and was supported by private streetcar companies.
b. more profitable but was opposed by private streetcar companies.
c. less profitable but was supported by private streetcar companies.
d. less profitable and was opposed by private streetcar companies.
d
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A consumer is willing to purchase a product up to the point where
A) he spends all of his income. B) the marginal benefit is equal to the price of the product. C) he is indifferent between consuming and saving. D) the quantity demanded is equal to the quantity supplied.
College-age athletes who drop out of college to play professional sports
a. are not rational decision makers. b. are well aware that their opportunity cost of attending college is very high. c. are concerned more about present circumstances than their future. d. underestimate the value of a college education.
An individual who has considerable income from savings, borrowing, family support, and scholarship, will supply more labor toward market work
Indicate whether the statement is true or false
Figure 11-7
For the firm in Figure 11-7, an unregulated monopolist, output falls below the efficient level in the short run by how much?
a.
50
b.
75
c.
35
d.
100