A competitive equilibrium may fail to be Pareto optimal due to all of the following except
A) inequality.
B) externalities.
C) distorting taxes.
D) non-price-taking firms.
A
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A monopoly can price discriminate between two groups of consumers if each group has ________
A) a large consumer surplus B) a different willingness to pay C) the same willingness to pay D) the ability to resell the good to the other group
Between 1973 and 1995, what changes occurred in the labor force and the capital stock that caused a productivity slowdown?
A) The growth of the capital stock and the growth of labor hours increased. B) The growth of the capital stock and the growth of labor hours slowed. C) The growth of the capital increased slowed and the growth of labor hours slowed. D) The growth of the capital stock slowed and the growth of labor hours increased.