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Author Question: Government price setting _____. a. prevents firms from lowering their prices b. creates ... (Read 118 times)

torybrooks

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on: Jul 1, 2018
Government price setting _____.
 
  a. prevents firms from lowering their prices
  b. creates barriers to entry
  c. helps enforce collusion among industry members
   d. all of the above

Question 2

Which of the following statements about economic efficiency is not true?
 
  a. Economic efficiency is equivalent to Pareto optimality.
  b. Economic efficiency can be determined normatively.
  c. Economic efficiency is superior to equity.
   d. Economic efficiency can be evaluated positively.


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katieost

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


torybrooks

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Reply #2 on: Jul 1, 2018
Thank you :)


katieost

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Reply #3 on: Jul 1, 2018
Happy to help you


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