A speculator who incorrectly anticipates the future
A) cannot inflict a loss on others because one person's loss must be someone else's gain.
B) incurs a personal loss but benefits everyone else.
C) inflicts a loss on others and incurs a personal loss.
D) makes a personal profit but inflicts a loss on others.
C
Economics
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What will be an ideal response?
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If a city government enacts a maximum price on rent,
A) quantity supplied will decrease. B) quantity demanded will increase. C) allocational problems develop. D) All of the above.
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