If the production of a good involves negative externalities, ________
A) the quantity of the good supplied in the market is lower than the efficient level
B) the optimal price of the good is higher than the price charged in the market
C) total welfare can be increased by increasing the production of the good
D) average cost of production can be reduced by increasing output above the optimal level
B
Economics
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What percent of currency transactions involve a trade in the spot market?
a. 30% b. 40% c. 60% d. 90%
Economics
The possible alternatives for an oligopoly range from the monopoly case with ________ to the perfectly competitive case with ________
A) high output; low output B) low prices; high prices C) low profits; high profits D) low output; high output E) no cooperation among the firms; much cooperation among the firms
Economics