Author Question: Economic theory assumes elected representatives in government vote A) in the public interest. B) ... (Read 76 times)

Charlie

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Economic theory assumes elected representatives in government vote
 
  A) in the public interest.
  B) without any interest.
  C) in their own interest.
  D) in complete harmony with the interests of the majority of citizen-voters.

Question 2

Refer to the figure above. If the monopolist faces a constant marginal cost of 2, at what price should it sell its output?
 
  A) 2
  B) 6
  C) 10
  D) 12



meow1234

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Answer to Question 1

C

Answer to Question 2

C



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