In a market, competitive forces guarantee that any price other than the equilibrium price is:
a. market-clearing.
b. stable
c. temporary.
d. unaffordable.
c
Economics
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What can be done to deal with the principal-agent problem?
A) forbid managers from owning any company stock B) have the CEO be a rotating position C) link top manager salaries to the profits of the firm or the price of the firm's stock D) threaten to liquidate the firm
Economics
Refer to Figure 7-5. If consumers paid the full price of medical services, the equilibrium quantity would be
A) 400. B) 800. C) 1,200. D) > 1,200.
Economics