Big Roads and Big Pavers are two competing road construction firms. The managers of these two firms should never undertake all of the following actions except which one?
A) agree to submit a high bid on a contract
B) agree to submit a low bid on a contract
C) agree to the number of contracts the firms will bid on
D) share information and experiences from implementing new government safety standards
D) share information and experiences from implementing new government safety standards
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The optimal Pigouvian tax is equal to the marginal social:
a. benefit of pollution at the market-determined level of pollution. b. cost of pollution at the market-determined level of pollution. c. benefit when there is zero pollution. d. cost of pollution at the socially optimal quantity of pollution.
Refer to Figure 7-4. With insurance and a third-party payer system, what price do consumers pay for medical services?
A) $25 B) $40 C) $55 D) >$55