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Author Question: Rational ignorance A) refers to attempts by special interests to use government action to make ... (Read 101 times)

EAugust

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on: Jun 29, 2018
Rational ignorance
 
  A) refers to attempts by special interests to use government action to make themselves better off at the expense of others.
  B) explains the Arrow impossibility theorem.
  C) helps to explain why rent seeking by special interest groups occurs.
  D) explains why consumers ignore sunk costs when they vote.

Question 2

Economists agree that a monopolistically competitive market structure
 
  A) can eliminate any excess capacity if all firms in the industry devote more funds to differentiating their products.
  B) lowers consumer utility because consumers pay a price higher than the marginal cost of production.
  C) is detrimental to society because it leads to a waste of scarce resources.
  D) benefits consumers because firms produce products that appeal to a wide range of consumer tastes.
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vboyd24

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Reply #1 on: Jun 29, 2018
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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EAugust

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

emsimon14

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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