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Author Question: Which of the following is not an in-kind benefit? a. A company life insurance policy. b. A ... (Read 83 times)

HCHenry

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on: Jul 1, 2018
Which of the following is not an in-kind benefit?
 
  a. A company life insurance policy.
  b. A company health plan.
  c. A company's annual holiday bonus.
   d. A company car.

Question 2

The above figure shows the market for a given product. Defining welfare as consumer surplus plus producer surplus, calculate the social welfare associated with perfect competition, single-price monopoly, and a perfect-price-discriminating monopoly.
 
  Which market structure(s) maximize social welfare?
Microeconomics ¦ Perloff ¦ 8th Edition
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huda

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

Social welfare equals
Perfect competition: A + B + C + D + E
Single-price monopoly: A + B + D
Perfect-price-discriminating monopoly: A + B + C + D + E
Social welfare is greatest under either perfect competition or perfect price discrimination.


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