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Author Question: Which of the following could be evidence of a market failure? A) There are only a handful of ... (Read 39 times)

SGallaher96

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Which of the following could be evidence of a market failure?
 
  A) There are only a handful of firms competing against each other in an industry.
  B) The market price of a product is above the average cost of production.
  C) Resources in an economy are not fully utilized.
  D) Market prices do not reflect true production costs.

Question 2

What do most empirical studies of labor supply in the United States conclude concerning the elasticity of labor supply and what implication does this have with respect to who bears the burden of the payroll tax?
 
  What will be an ideal response?


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TheDev123

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SGallaher96

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Reply 2 on: Jun 29, 2018
:D TYSM


cdmart10

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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