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cnetterville

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What is one reason activists might lobby the government for regulation limiting the production of a product to less than would normally be in a perfectly competitive market?
 
  A) They value consumer surplus more than producer surplus.
  B) They value producer surplus more than consumer surplus.
  C) They seek to avoid future regulation.
  D) They seek to minimize total surplus.

Question 2

If activists successfully lobbied government to force firms to produce more output than they normally would in a perfectly competitive market,
 
  A) consumer surplus would decline.
  B) producer surplus would increase.
  C) taxation would solve the problem.
  D) total surplus in the market would decline.


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cpetit11

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cnetterville

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Reply 2 on: Jul 1, 2018
Gracias!


frankwu0507

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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