All of the following are part of an economic model except

The deadweight loss incurred when the market in the above figure is a single-price monopoly rather than perfectly competitive is the area

A) cab. B) fcd. C) bed. D) fae.

Three business people meet for lunch at an Indian restaurant. They decide that each person will order an item off the menu, and they will share all dishes. They will split the cost of the final bill evenly among each of the people at the table. When the food is delivered to the table, each person faces incentives similar to the

a. consumption of a common resource good. b. production of a public good. c. consumption of a club good. d. production of a private good.