Giving presents on Christmas does NOT generate a deadweight loss if
A) all gift are money.
B) everybody gets exactly want she wants.
C) nobody can be made better off by returning the gift and purchasing a different one.
D) All of the above.
D
Economics
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How is the equilibrium price determined? What happens if the price is above the equilibrium price? What happens if the price is below the equilibrium price?
What will be an ideal response?
Economics
In the United States, government policies with respect to monopolies and collusion are embodied in
A) the U.S. Constitution. B) common law, which the United States adopted from English law. C) the Supreme Court. D) antitrust laws.
Economics