When all markets in the economy are simultaneously in equilibrium, we say
A) markets are complete.
B) markets are perfect.
C) there is disequilibrium.
D) there is general equilibrium.
D
Economics
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Refer to the above figure. What price-output combination would apply under perfect competition?
A) P4 and Q1 B) P3 and Q2 C) P2 and Q3 D) P1 and Q1
Economics
Regarding the causes of pollution, economists believe that:
a. the pricing system has failed. b. the public interest requires that pollution to be reduced below its market level. c. a firm pollutes the air and water because they are free. d. All of the above are correct.
Economics