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Author Question: Price floors and price ceilings A) always reduce total surplus. B) reduce consumer surplus and ... (Read 92 times)

altibaby

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on: Jul 1, 2018
Price floors and price ceilings
 
  A) always reduce total surplus.
  B) reduce consumer surplus and increase producer surplus.
  C) reduce producer surplus and increase consumer surplus.
  D) Not enough information to determine.

Question 2

Monopolization of both the labor market and the output market results in
 
  A) higher wages than when both are competitive.
  B) a higher output price than when both are competitive.
  C) a lower level of output than when both are competitive.
  D) All of the above.


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macybarnes

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

D

Answer to Question 2

D


altibaby

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

tuate

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Reply 3 on: Yesterday
:D TYSM

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