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Author Question: Firms stop producing DVDs and start producing Blu-ray discs because people prefer Blu-ray discs ... (Read 1124 times)

crazycityslicker

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Question 1

Resources are allocated efficiently when


◦ everyone can afford what they want.
◦ production occurs at least cost.
◦ output is fairly distributed.
◦ profits are maximized.

Question 2

Firms stop producing DVDs and start producing Blu-ray discs because people prefer Blu-ray discs discs to DVDs. This will


◦ make the distribution of outcome more equitable.
◦ make the economy more stable.
◦ improve efficiency.
◦ make the economy less stable.


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Marked as best answer by crazycityslicker on Apr 19, 2019

lauravaras

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