Among the sources of economic inefficiency are all of the following EXCEPT
A) price regulations.
B) rapid technological change.
C) monopoly.
D) taxes and subsidies.
B
Economics
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"The customer is always right" explains
a. the higher wages paid to members of a union. b. compensating differentials. c. persistent wage discrimination based on consumer preferences. d. All of the above are correct.
Economics
The DeBeers Company of South Africa was able to block competition through
A) economies of scale. B) ownership of an essential input. C) government-imposed barriers. D) differentiating its product.
Economics