Nonsmoking sections in restaurants are designed to
a. prevent third parties from causing a market failure
b. increase demand by achieving market equilibrium
c. prevent free riders from incurring a negative externality
d. prevent third parties from incurring a negative externality
e. achieve market equilibrium which cannot be achieved without the designated sections
D
Economics
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The quantity of real money demanded is
A) negatively related to the price level. B) positively related to the price level. C) independent of the price level. D) proportional to the price level
Economics
Monopolistically competitive firms have monopoly power because they
A) face downward sloping demand curves. B) are great in number. C) have freedom of entry. D) are free to advertise.
Economics