Quantity restrictions benefit which group the most?
A. Suppliers wanting to enter the market
B. Consumers
C. Government
D. Existing suppliers
Answer: D
Economics
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Give the three categories which comprise gross investment and explain the differences among them
What will be an ideal response?
Economics
Refer to the graph shown of average costs for a typical firm. The lowest per-unit costs for the industry could be achieved if:
A. one firm produced 1,000 units of output. B. one firm produced 333 units of output. C. three firms each produced 333 units of output. D. two firms each produced 500 units of output.
Economics