When the government redistributes income to achieve greater equality, it
a. distorts incentives.
b. improves efficiency.
c. focuses on middle income brackets.
d. relies on foreign aid to help balance the budget.
a
Economics
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To sell more units, a monopolist must
A) merely produce more units. B) advertise more. C) produce the profit maximizing rate of production. D) lower price.
Economics
The force that leads to zero economic profits for monopolistically competitive firms in the long run is
a. excess capacity. b. price wars among firms. c. entry by new firms. d. excessive advertising.
Economics