A price floor is a legal minimum on the price at which a good or service can be sold
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
A natural monopoly is based on
a. diseconomies of scale b. diseconomies of scope c. external diseconomies d. economic freedom e. economies of scale
Economics
Using Figure 1.5 above, we know the production of 6 units of soda and 1 unit of pizza is 
A. possible, but only if all resources were fully employed. B. possible, but there would be unemployed resources. C. impossible because we have the resources but do not have the technology. D. impossible because we have the technology but do not have the resources.
Economics