Missing markets result from
a. high transactions costs of such markets.
b. strict price controls.
c. the inability of producers to gain economies of scale.
d. foreign countries dominating a domestic market for a product.
Question 2
In a competitive market, an efficient allocation of resources is characterized by
a. a price greater than the marginal cost of production.
b. the possibility of further mutually beneficial transactions.
c. the largest possible sum of consumer and producer surplus.
d. a value of consumer surplus equal to that of producer surplus.
Unique communities may result from distinct environmental conditions.
This graphic illustrates the original systems model of politics advanced by David Easton. Politics
Effect of Perceived Price of a Drug on Placebo Analgesia
Major Findings of the High Scope Preschool Study High Scope participants showed better academic per
The posted octane rating in most high-altitude areas shows regular at 85 instead of the usual 87.
Eggs are an excellent source of protein, but egg yolks are high in cholesterol