Author Question: Refer to the figure above. What is the quantity supplied in the market when the market is supplied ... (Read 55 times)

nautica902 · **on:** Jun 29, 2018

Refer to the figure above. What is the quantity supplied in the market when the market is supplied by one firm?

A) 30 units
B) 45 units
C) 60 units
D) 90 units

Question 2

According to economic theory, the political process tends to

A) benefit every participant equally.
B) harm every participant equally.
C) concentrate benefits in the hands of special interest groups and disperse the costs throughout the uninformed voters.
D) support public projects that clearly pass a strict benefit-cost analysis.