_____ is the practice of using extra resources to compete for obtaining monopoly, and leads to _____
a. X-inefficiency; a deadweight loss
b. Rent seeking; a deadweight loss
c. X-inefficiency; a loss in producer surplus
d. Rent seeking; a loss in producer surplus
B
Economics
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Disinflation refers to
A) a rapid increase in the price level. B) a decrease in the price level. C) a reduction in the rate of inflation. D) an increase in the rate of inflation.
Economics
What is the difference between a normal good and an inferior good? How does this relate to the demand curve?
What will be an ideal response?
Economics