According to the new growth theory, competition A) reduces ...

[debasdf]

According to the new growth theory, competition
 
  A) reduces profit.
  B) increases profit.
  C) has no impact on real profit, only nominal profit.
  D) is only theoretical because all firms are growing at some rate.

Question 2

A rent ceiling creates a shortage. As a result, which of the following occurs?
 
  A) only a loss of consumer surplus for tenants
  B) only a loss of producer surplus for landlords
  C) a loss of both consumer and producer surplus
  D) a gain of both consumer and producer surplus

[helenmarkerine]

Answer to Question 1

A

Answer to Question 2

C

[debasdf]

Gracias!

[bigcheese9]

Thanks for the timely response, appreciate it