This topic contains a solution. Click here to go to the answer

Author Question: Government price setting _____. a. prevents firms from lowering their prices b. creates ... (Read 124 times)

torybrooks

  • Hero Member
  • *****
  • Posts: 500
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katieost

  • Sr. Member
  • ****
  • Posts: 358
Answer to Question 1

d

Answer to Question 2

c




katieost

  • Sr. Member
  • ****
  • Posts: 358

 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

For a complete list of videos, visit our video library