When ________ in a market, the total net benefit to society is maximized
A) deadweight loss is maximized
B) a competitive equilibrium is achieved
C) consumer surplus is minimized
D) producer surplus is minimized
Answer: B
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The leader in a Stackelberg oligopoly with a linear demand and marginal cost produces ________ than the follower second firm, charges ________ price, and earns ________ than the follower in economic profit.
A) more; the same; more B) more; a higher; less C) less; the same; more D) more; a higher; more
Borrowing in foreign currency to buy imports or invest in foreign currency,
a. decreases demand for the domestic currency, appreciating the domestic currency b. increases demand for the domestic currency, depreciating the domestic currency c. increases demand for the domestic currency, appreciating the domestic currency d. does not affect the exchange rates
How will the crisis affect the natural rate of unemployment?
What will be an ideal response?
In response to deregulation, the quality and variety of airline services rose.
Answer the following statement true (T) or false (F)