The marginal principle states that one should
A) increase the level of an activity if the marginal benefit exceeds its marginal cost.
B) if possible, pick the level at which the marginal benefit equals the marginal cost.
C) decrease the level of an activity if the marginal cost exceeds the marginal benefit.
D) all of the above
D
Economics
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A new cure for Toenail fungus is discovered for individuals resistant to the original treatment. At this point the firm producing this drug
a. Could be considered a monopoly b. Would be protected from entry by patents c. Would be facing many new entries in the market d. Only A&B
Economics
Laissez faire is a policy that espouses central planning
a. True b. False Indicate whether the statement is true or false
Economics