Insecure property rights induce owners of productive assets to
A) discount expected income from their ownership at a very low rate.
B) place a higher value on those assets if they want to sell them.
C) use those assets more cautiously to reduce depreciation.
D) do all of the above.
E) do none of the above.
E
Economics
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Which of the following is true when the government imposes a price ceiling on a monopolist?
A) Marginal revenue becomes horizontal. B) Marginal revenue is linear. C) Marginal revenue is kinked—horizontal and then downward sloping. D) Marginal revenue is kinked—downward sloping and then horizontal.
Economics
According to the law of supply, price and quantity supplied are inversely related, ceteris paribus
a. True b. False Indicate whether the statement is true or false
Economics