In the figure above, with no government involvement and if the colleges are competitive, what is the deadweight loss?
A) $12 billion per year
B) $6 billion per year
C) $4 billion per year
D) zero
A
Economics
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Refer to the above figure. Use the DD-AA model to examine and compare the response of an economy under fixed and floating exchange rate to a permanent fall in foreign demand for its exports
What will be an ideal response?
Economics
The price level is 3, total output is 500, and the money supply is 200. The velocity of money is
A) 7.5. B) 2.5. C) 2.0. D) None of the above.
Economics