In perfect competition, environmental externalities need not distort the allocation of resources providing:
a. transactions costs are zero.
b. average costs are constant for all output levels.
c. firms install pollution control equipment.
d. the government sets realistic pollution standards.
a
Economics
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The deregulation of the airline industry caused
a. prices to fall and service to decline b. prices to fall and service to improve c. prices to rise and service to decline d. prices to rise and service to improve
Economics
The demand curve shown in the figure above is ________ over the price range from $95 to $105 per unit
A) perfectly elastic B) perfectly inelastic C) unit elastic D) elastic but not perfectly elastic E) inelastic but not perfectly inelastic
Economics