Which of the following is an example of market failure?
a. Public goods. b. Externalities.
c. Lack of competition. d. all of these.
d
Economics
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Assume the price of cola is $8 per unit and the price of pretzels is $4 per unit.Table 19.3 Michael's Utility ScheduleUnits of ColaTU of ColaMU of ColaUnits of PretzelsTU of PretzelsMU of Pretzels14040130302 322 2039624366164112 478 5124 584 In Table 19.3, what is the total utility of two units of cola?
A. 32. B. 72. C. 96. D. 40.
Economics
Which of the following is an effect of an increase in the price level in an economy?
What will be an ideal response?
Economics