Economists conclude that the only way to measure fairness is

A) to insure that the rules are fair.
B) to insure that the result is fair.
C) to insure that both the rules and the result are fair.
D) to compare the allocatively efficient quantity to the equilibrium quantity.
E) None of the above answers is correct.

E

Economics

You might also like to view...

What are the three factors that define a household budget constraint. Explain

What will be an ideal response?

Economics

Compared to a monopolist, the demand curve for a perfectly competitive firm will be

A. as elastic. B. less elastic. C. unitary elastic. D. more elastic.

Economics