Behavior on the part of the firm that allows it to comply with the law but violate the spirit reducing the law's effect is
A) a dominant strategy.
B) a creative response.
C) the lemons problem.
D) a positive-sum effect.
Answer: B
Economics
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In the above figure, the total cost curve is curve
A) A. B) B. C) C. D) none of the curves in the figure.
Economics
The income effect of a decrease in the price of legal services, a normal good, results in
A) an increase in the demand for legal services. B) an increase in the quantity of legal services demanded. C) a decrease in the demand for legal services. D) a decrease in the quantity of legal services demanded.
Economics