In the figure above, the dark triangle is the
A) consumer surplus.
B) deadweight loss.
C) producer surplus.
D) total cost.
E) economic profit.
A
Economics
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Information is a scarce good because
A) buyers typically know more than sellers about the products they are selling. B) competition encourages buyers and sellers to conceal a portion of what they know. C) its possession enables people to increase their wealth, and it cannot be acquired without cost. D) sellers typically know more than buyers about the products they are selling.
Economics
Does the strength of each of the five competitive forces from Michael Porter's model remain constant over time? Briefly explain
What will be an ideal response?
Economics