This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Government price setting _____. a. prevents firms from lowering their prices b. creates ... (Read 86 times)

torybrooks

  • Hero Member
  • *****
  • Posts: 500
on: Jul 1, 2018
Government price setting _____.
 
  a. prevents firms from lowering their prices
  b. creates barriers to entry
  c. helps enforce collusion among industry members
   d. all of the above

Question 2

Which of the following statements about economic efficiency is not true?
 
  a. Economic efficiency is equivalent to Pareto optimality.
  b. Economic efficiency can be determined normatively.
  c. Economic efficiency is superior to equity.
   d. Economic efficiency can be evaluated positively.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katieost

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


torybrooks

  • Hero Member
  • *****
  • Posts: 500
Reply #2 on: Jul 1, 2018
Thank you :)


katieost

  • Sr. Member
  • ****
  • Posts: 358
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Rising and Setting of Stars at the Equator Rising and Setting of Stars at the Equator
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
Setting the Boundaries Setting the Boundaries
Competitive firms and maximization Competitive firms and maximization
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Factors that increase metabolic rate and heat production

For a complete list of videos, visit our video library