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Author Question: Excess capacity typically occurs a. in the short run in perfect competition b. in the short run in ... (Read 93 times)

darbym82

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on: Jun 30, 2018
Excess capacity typically occurs
 a. in the short run in perfect competition
  b. in the short run in monopolistic competition
  c. in long-run equilibrium in perfect competition
  d. in long-run equilibrium in monopolistic competition
  e. usually in markets experiencing an increase in demand

Question 2

Competing-interest legislation is legislation that
 a. imposes benefits on only a few individuals but imposes costs on many people
  b. imposes both benefits and costs on relatively few individuals
  c. imposes benefits on many individuals but imposes the costs on relatively few people
  d. imposes both benefits and costs on many individuals
  e. imposes costs only on those individuals who are rationally ignorant


vboyd24

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


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