If activists successfully lobbied government to force firms to produce more output than they normally would in a perfectly competitive market,
A) consumer surplus would decline.
B) producer surplus would increase.
C) taxation would solve the problem.
D) total surplus in the market would decline.
D
Economics
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The fraudulent delivery of low quality experience goods at high prices is more likely if
a. interest rates decline b. information about notorious firms is speedily disseminated c. price premiums for allegedly high quality increase d. sellers invest in non-transferable reputation e. none of the above
Economics
The future value of a deposit in a savings account will be smaller
a. the longer a person waits to withdraw the funds. b. the lower the interest rate is. c. the larger the initial deposit is. d. All of the above are correct.
Economics