Suppose the perfectly competitive equilibrium occurs such that too many units of the good are produced. This is an example of
A) marginal cost pricing.
B) market failure.
C) firms have not yet exited the industry.
D) greedy business people behaving in an inappropriate manner.
B
Economics
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Which of the following is NOT considered to be an economic resource?
A. an engineer B. a local gas station C. a company truck D. a view of the moon on a clear night
Economics