Market failures ________ and generate ________. A) compel the ...

[kellyjaisingh]

Market failures ________ and generate ________.
 
  A) compel the government to act; regulations
  B) create monopolies or oligopolies; deadweight loss
  C) reduce economic efficiency; deadweight loss
  D) create deadweight loss; externalities

Question 2

Two-part pricing offers a mechanism whereby the firm can
 
  A) charge two different prices to distinct groups of customers.
  B) collect two times as much from consumers as a single-price monopoly can.
  C) capture some or all of the consumer surplus.
  D) reduce some of its fixed costs.

[laurnthompson]

Answer to Question 1

C

Answer to Question 2

C

[kellyjaisingh]

YES! Correct, THANKS for helping me on my review

[triiciiaa]

Thanks for the timely response, appreciate it