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Which of the following is a negative externality when the government provides a public good such as building a dam? a. decreased leisure activities c. a potential decrease in the species of fish b. an increase in hydroelectric power d. the potential for increased flooding
Weegy: d. the potential for increased flooding User: New oil reserves have been discovered in Country A. This will have the following effect: a. demand for oil will increase. c. the supply of oil will increase. b. a future shortage will be created. d. the equilibrium price in the future will increase Weegy: d. the equilibrium price in the future will increase User: Which of the following is a situation that makes the market behave inefficiently? a. when consumers do not have enough information to make good choices b. when producers have the power to find out exactly what to produce c. when both consumers and producers are fully informed about a product d. when the market is in perfect competition and prices are high Weegy: b. when producers have the power to find out exactly what to produce User: All of the following are basic principles found in the U.S. free enterprise system except: a. centralized decision-making c. private property rights b. competition d. voluntary exchange Weegy: d. voluntary exchange User: Which of the following is one market trend that results when a monopolistically competitive firm starts earning profits well above its costs? a. The firm would become an oligopolistic firm because it has effectively eliminated the competition and now dominates the market alone. b. The firm would try to lure 100 percent of customers by flooding the market with defective products. c. Fierce competition would encourage rivals to create new ways to differentiate their products and lure customers to them. d. The firm would eventually go out of business because demand would decrease. Weegy: c. Fierce competition would encourage rivals to create new ways to differentiate their products and lure customers to them. (More)
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Asked 9/26/2013 7:01:25 AM
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