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Author Question: The most socially efficient market structure in the long run is: a. perfect competition. b. ... (Read 40 times)

ghost!

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on: Jun 30, 2018
The most socially efficient market structure in the long run is:
 a. perfect competition.
 b. monopolistic competition.
  c. oligopoly.
 d. monopoly.

Question 2

Following are the controversies over how poverty should be measured, except:
 a. government transfers and other programs are not properly taken into account in the measures of poverty.
  b. the poverty measures do not distinguish among the needs of different individuals.
  c. the concept of poverty line does not draw any distinction between income and purchasing power.
  d. the concept of poverty line does not take into account the expenditure on food by each family.
  e. the income generated in the underground economy are not taken into account.


iceage

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


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