Markets promote
A) competition and voluntary exchange. B) equity and competition.
C) equity and equality. D) voluntary exchange and equality.
A
Economics
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Refer to the table above. What is the average total cost of producing 160 units of the good?
A) $0.50 B) $0.93 C) $1.44 D) $2
Economics
Which of the following is not a limitation that regulators face when they implement average cost pricing?
a. Average cost pricing provides little or no incentive for firms to keep costs down. b. The accurate calculation of a firm's costs is difficult. c. Decisions are political and often influenced by special interests. d. All of the preceding are limitations faced by regulators implementing average cost pricing.
Economics