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Author Question: Government intervention in a perfectly competitive market A) reduces economic well-being. B) is ... (Read 81 times)

bb

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on: Jul 1, 2018
Government intervention in a perfectly competitive market
 
  A) reduces economic well-being.
  B) is an illustration of the invisible hand theorem.
  C) increases economic well-being.
  D) guarantees maximized well-being.

Question 2

If the demand curve is horizontal a rightward shift of the supply curve will lead to
 
  A) an increase in quantity supplied.
  B) an increase in price.
  C) a decrease in quantity demanded.
  D) a decrease in price.


verrinzo

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

A

Answer to Question 2

A


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