The main function of a platform firm is to
A) deal with the government on behalf of sellers.
B) link producers with consumers.
C) perform collective bargaining with sellers on behalf of buyers.
D) create entry barriers for an industry on behalf of existing firms.
Answer: B
Economics
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A voucher can eliminate the deadweight loss and lead to an efficient outcome if the value of the voucher equals the ________ of the good
A) marginal external benefit B) marginal social benefit C) marginal private benefit D) marginal social cost
Economics
Use the information in Scenario 4.2. What is the price elasticity of demand if the price of artichokes is $10?
A) 0 B) -0.25 C) -1 D) -4 E) negative infinity
Economics