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Author Question: Market failures ________ and generate ________. A) compel the government to act; regulations B) ... (Read 46 times)

kellyjaisingh

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on: Jul 1, 2018
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.


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laurnthompson

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


kellyjaisingh

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

AngeliqueG

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Reply 3 on: Yesterday
Excellent

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