In an unregulated, competitive market producer surplus exists because some
A) consumers are willing to pay more than the equilibrium price.
B) producers are willing to take more than the equilibrium price.
C) producers are willing to sell at less than the equilibrium price.
D) consumers are willing to purchase, but only at prices below equilibrium price.
C
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Suppose you lend $1,000 at an interest rate of 10 percent over the next year
If the expected real interest rate at the beginning of the loan contract is 4 percent, then what rate of inflation over the upcoming year would be most beneficial to you as the lender? An inflation rate A) equal to 4 percent. B) equal to 0 percent. C) equal to 6 percent. D) greater than 6 percent.
Carefully explain some of the similar problems faced by otherwise diverse countries in Africa, Asia, and Latin America
What will be an ideal response?