Author Question: Oligopoly: a. Meets the condition for allocative efficiency. b. Meets the condition for productive ... (Read 43 times)

james9437 · **on:** Jun 30, 2018

Oligopoly:
a. Meets the condition for allocative efficiency.
b. Meets the condition for productive efficiency.
c. Leads to slower technological progress.
d. None of the above is true.

Question 2

Which of the following is an example of a non-price provision in an automobile insurance contract that can reduce moral hazard?
a. A provision specifying that coverage is limited to 75 percent of the total damages caused by an accident.
b. A provision that disallows medical claims by drunk drivers involved in accidents.
c. A provision that restricts accident compensation to claims over 1,000.
d. A provision requiring that the insured car carry certain safety devices like air bags.