A production quota set below the equilibrium quantity creates
A) a decrease in supply
B) a decrease in marginal cost
C) a rise in price
D) inefficient underproduction
E) all of the above
E
Economics
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A) market horizon. B) short run. C) calendar year. D) long run.
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The Bureau of Economic Analysis estimates the size of the underground economy but many economists believe that the estimates are too low
a. True b. False
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