In a market where firms are able to reduce their private costs by shifting costs onto others, which of the following will not happen?
a. Inefficiencies will occur
b. Negative externalities will be observed.
c. The market prices of products produced by firms will be too low relative to the social optimum.
d. Output of the good being produced will be too low.
d
Economics
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Esther wants to buy a used car from her neighbor, who quotes a price of $18,000. Esther negotiates with her neighbor and offers him $16,500 for the car. This is an example of ________
A) bilateral bargaining B) collective bargaining C) arbitration D) speculation
Economics
In 2014, which component of GDP had a negative value?
A) investment B) government spending C) net exports D) consumption
Economics