The Internet was first developed in the

Which of the following public policies has (have) the effect of restricting competition?

a. licensing b. patents c. import quotas d. a and b only e. a, b, and c

In a market where the government imposes a price control, the excess demand or excess supply created will be determined by

a. the imposed price and the slope of the demand curve b. the imposed price and the slope of the supply curve c. only the imposed price determines these things d. the difference between the imposed price and the equilibrium price e. the difference between quantity demanded and quantity supplied at the imposed price