The following is NOT an example of a potential monitoring solution to moral hazard
a. blocking social network sites on company computers
b. closed circuit TVs throughout a warehouse
c. GPS tracking devices in repair trucks
d. requiring physicians to be 'board certified'
d
Economics
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The existence of a deadweight loss associated with a monopoly can be seen because
A) consumers are willing to pay more for the last unit of output than it cost to produce. B) the cost of the last unit produced is more than consumers are willing to pay for it. C) the producer surplus is larger than in a competitive market. D) None of the above.
Economics
A perfectly competitive firm charges a price which is greater than its marginal cost
a. True b. False Indicate whether the statement is true or false
Economics