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Author Question: According to the new growth theory, competition A) reduces profit. B) increases profit. C) has ... (Read 46 times)

debasdf

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on: Jun 29, 2018
According to the new growth theory, competition
 
  A) reduces profit.
  B) increases profit.
  C) has no impact on real profit, only nominal profit.
  D) is only theoretical because all firms are growing at some rate.

Question 2

A rent ceiling creates a shortage. As a result, which of the following occurs?
 
  A) only a loss of consumer surplus for tenants
  B) only a loss of producer surplus for landlords
  C) a loss of both consumer and producer surplus
  D) a gain of both consumer and producer surplus


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helenmarkerine

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

A

Answer to Question 2

C


debasdf

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

scottmt

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Reply 3 on: Yesterday
Excellent

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