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Author Question: Rent seeking through lobbying A) reduces deadweight loss. B) uses up resources that result in ... (Read 183 times)

washai

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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.


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manuelcastillo

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

B

Answer to Question 2

C


washai

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

amcvicar

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

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