Equity and efficiency can be achieved simultaneously through competition
Indicate whether the statement is true or false
False. Equity involves value judgments and achieving it will usually result in lessened efficiency.
Economics
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When a domestic monopolist in a small country becomes subject to international competition, it behaves as:
a. a monopolist. b. a duopolist. c. an imperfect competitor. d. a perfect competitor.
Economics
Explain what a black market is and how it functions. What is a black market generally a response to?
What will be an ideal response?
Economics