This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Rent seeking through lobbying A) reduces deadweight loss. B) uses up resources that result in ... (Read 140 times)

washai

  • Hero Member
  • *****
  • Posts: 523
on: Jun 29, 2018
Rent seeking through lobbying
 
  A) reduces deadweight loss.
  B) uses up resources that result in additional costs to society.
  C) results in perfect price discrimination.
  D) results in perfectly competitive industries.

Question 2

If the market for maple syrup is perfectly competitive, then in the long-run equilibrium, firms are
 
  A) entering the market.
  B) exiting the market.
  C) making zero economic profit.
  D) temporarily shutting down.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

manuelcastillo

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


washai

  • Member
  • Posts: 523
Reply 2 on: Jun 29, 2018
Gracias!

Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Mass Loss from a Supermassive Star Mass Loss from a Supermassive Star
A ring link network reduces the number of wires it takes to interconnect all of the modules. A ring link network reduces the number of wires it takes to interconnect all of the modules.
Structural MRIs reveal cortical loss in adolescent patients with schizophrenia. Here dark blue ... Structural MRIs reveal cortical loss in adolescent patients with schizophrenia. Here dark blue ...
Pressure is a result of the atmosphere’s mass. Pressure is a result of the atmosphere’s mass.
Invasive species and the biodiversity loss Invasive species and the biodiversity loss
A deficiency of linoleic acid can interfere with normal growth and result in inflammation A deficiency of linoleic acid can interfere with normal growth and result in inflammation
Video: Multiple Sclerosis Animation

For a complete list of videos, visit our video library