A tax on sellers increases the quantity of the good sold in the market
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Describe the characteristics of an efficient contract between a principal and an agent
What will be an ideal response?
Economics
Nonprofit, or not-for-profit, firms
a. maximize revenue instead of profit b. minimize cost rather than maximize profit c. often pursue goals other than profit maximization d. pursue profit as their main goal despite their name e. have no incentive to produce efficiently
Economics