Refer to the information provided in Figure 16.3 below to answer the question(s) that follow. 
Figure 16.3Refer to Figure 16.3. If the firm maximizes profits and the government ________, it will produce 20 units of output.
A. establishes a price ceiling of $8
B. does not require it to take damages into account
C. requires it to take damages into account
D. establishes a price floor of $6
Answer: B
Economics
You might also like to view...
A decrease in the interest rate could have been caused by the money-demand curve shifting
a) leftward because the price level fall. b) leftward because the price level rose. c) rightward because the price level fell. d) rightward because the price level rose.
Economics
In the above figure, the economy would most likely move from AD1 to AD2 because of
A) an aggregate supply shock. B) an aggregate demand shock. C) a recession. D) a depression.
Economics