Author Question: Colorado State University allocates 10,000 tickets for each home game to students at no cost. ... (Read 84 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
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

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

For a complete list of videos, visit our video library