Which is NOT a weakness of the policy of mandatory separation of recyclables?
A) It actually pays people to use more recyclable material, and thus more material in total.
B) It is costly for households in terms of time spent.
C) It is costly for the government to monitor.
D) Individuals may shift away from recyclable to non-recyclable materials just so they don't have to bother to separate them.
E) Implementation is difficult and consumes household space.
A
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If the government imposes a price ceiling below the market equilibrium price, then:
a. c and d. b. there will be excess supply. c. there will be excess demand. d. the intent is to benefit consumers. e. the intent is to benefit producers.
Which statement is true regarding the difference between the demand curves for a monopolistic competitor and a monopolist?
a. A monopolistic competitor’s perceived demand curve is protected by barriers to entry. b. A monopolistic competitor's perceived demand curve is based on product differentiation and number of competitors. c. A monopolist’s perceived demand curve is based on product differentiation and number of competitors. d. A monopolistic competitor's perceived demand curve is the market demand curve.