When city beautification programs are funded privately:
a. only contributing citizens are likely to benefit from a more beautiful city
b. only free riders are likely to benefit from a more beautiful city.
c. an underallocation of resources toward the beautification project is likely to occur relative to what is socially efficient.
d. none of the above
c
Economics
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Which of the following weakens government control in the marketplace?
(A) Predatory pricing. (B) Deregulation. (C) Regulation of businesses. (D) Antitrust legislation.
Economics
Mary purchased a stuffed animal toy for $5. After a few weeks, someone offered her $100 for the toy. Mary refused. One can conclude that Mary's consumer surplus from the toy is
A) less than $5. B) at least $95. C) at least $100. D) $105.
Economics