The only way to eliminate all competition from social life would be through
A) abolishing money.
B) eliminating all scarcity.
C) eliminating all selfishness.
D) giving government the power to control everything.
E) making everyone as concerned about others as they are about themselves.
B
Economics
You might also like to view...
Which of the following average cost functions suggests the presence of a natural monopoly?
A) AC = 2 B) AC = 100/Q + 2 C) TC = 100/Q + 2Q D) All of the above.
Economics
The law of demand states that
a. there is a positive relationship between price and quantity demanded b. price is the only factor that influences the quantity that people are willing and able to buy c. price and quantity demanded are inversely related d. the demand curve shifts whenever the price of a good changes e. by producing a product, firms create a demand for it
Economics