In the year ________, for the first time in 30 years, the federal government ran a surplus

Deadweight loss can be the result of

A) overproduction, but not underproduction. B) underproduction, but not overproduction. C) both overproduction and underproduction. D) neither overproduction, nor underproduction.

A focus on quality means:

A) A firm does nothing but produce the highest quality product. B) An inability to actually produce anything. C) A firm must decide whether an additional focus on quality is worth the cost. D) The firm will definitely be successful. E) Consumers will not be willing to purchase the product.