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Author Question: A bill pending before the Legislature in the tiny island nation of WooHoo would prohibit private ... (Read 122 times)

lilldybug07

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on: Apr 19, 2019

Question 1

From society's viewpoint, a monopolist produces ________ because price is ________ marginal cost.


◦ too little; less than
◦ too much; less than
◦ too much; greater than
◦ too little; greater than

Question 2

A bill pending before the Legislature in the tiny island nation of WooHoo would prohibit private companies from selling canoe insurance and make the state the single payer of claims for canoe accidents. Private insurance companies that have made above normal profits have spent large sums of money trying to prevent the legislature from passing this bill into law. This is an example of


◦ government failure.
◦ collusion.
◦ an externality.
◦ rent-seeking behavior.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by lilldybug07 on Apr 19, 2019

chinwesucks

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lilldybug07

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Reply #2 on: Apr 19, 2019
Excellent


chinwesucks

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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