The figure above shows the market for annual influenza immunizations the United States. Area A + Area B is the
A) deadweight loss when there is not the illustrated subsidy.
B) loss in efficiency from the illustrated subsidy.
C) gain in efficiency from the illustrated subsidy.
D) remaining deadweight loss when there is the illustrated subsidy.
E) equilibrium with the illustrated subsidy.
A
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According to the Bureau of Labor Statistics, among workers ages 45 to 54, the median job tenure is
A) longer for men than it is for women. B) longer for women than it is for men. C) roughly equal for all men and women. D) roughly equal for men and women closer to age 45, but longer for women closer to age 54 than men closer to age 54.
If a product provides a positive externality, a duopoly
A) will provide more social welfare than a monopoly. B) will provide less social welfare than a monopoly. C) will provide the same social welfare as a monopoly. D) introduces an interesting and untested twist to the externality story.