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Author Question: Colorado State University allocates 10,000 tickets for each home game to students at no cost. ... (Read 47 times)

sam.t96

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on: Jun 29, 2018
Colorado State University allocates 10,000 tickets for each home game to students at no cost. Students are required to stand in line and prove they are a full time student to receive a free ticket.
 
  How is the scarce resource in this example allocated? A) first-come, first-served
  B) market price
  C) contest
  D) lottery

Question 2

A single-price monopolist is inefficient because
 
  A) MR = MC.
  B) P > ATC.
  C) it creates a deadweight loss.
  D) it increases producer surplus.


vboyd24

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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