There are two equidistant exits in a movie theater. However, one exit is used by a majority of the people after the end of a movie. This is an example of ________

When attempting price regulation, a government faces what problem(s)?

A) limited information B) bribes C) uncooperative firms D) All of the above.

Economies of scale exist when

a. long-run average costs decline as output increases. b. long-run average costs are constant. c. long-run average costs increase as output increases. d. short-run average costs decline. e. short-run average costs increase.