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What happens when wages are set above the equilibrium level by law? a. Firms tend to try to break the law and hire people at the equilibrium level. b. Firms employ more workers than they would at the equilibrium wage. c. Firms employ fewer workers than they would at the equilibrium wage. d. Firms hire more workers but for fewer hours than they would at the equilibrium wage
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Updated 4/29/2015 12:02:24 PM
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When wages are set above the equilibrium level by law: firms employ fewer workers than they would at the equilibrium wage.


Added 4/29/2015 12:02:24 PM
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Early capitalist economists argued that supply-and-demand pricing worked better without any _______. a. copyrights. c. regulations. b. patents. d. cooperatives.
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Updated 9/15/2014 8:01:22 AM
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Early capitalist economists argued that supply-and-demand pricing worked better without any REGULATIONS.
Added 9/15/2014 8:01:19 AM
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After 1850, practical limitations to competition became evident as industrial and commercial combinations and _______ arose to hamper it. a. government c. big business b. trade unions d. cooperatives
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Updated 3/5/2016 7:03:49 AM
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After 1850, practical limitations to competition became evident as industrial and commercial combinations and trade unions arose to hamper it.


Added 3/5/2016 7:03:49 AM
Factors that cause a producer s average cost per unit to fall while output rises are known as _____. a. franchise scale b. price discrimination c. economics of scale d. market power scale
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Updated 3/30/2015 4:05:47 AM
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Factors that cause a producer’s average cost per unit to fall while output rises are known as: ECONOMICS OF SCALE.
Added 3/30/2015 4:05:47 AM
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Confirmed by selymi [3/30/2015 4:08:02 AM]
How does a company arrange to sell its products to people who are unwilling to pay the top price for them? a. by allowing rebates to some preferred customers who buy a lot of goods b. by charging each customer the maximum amount they are willing to pay c. by charging different prices according to the group to which the buyer belongs d. by changing the product and selling a lesser one to people who are unwilling to pay for the top product A. by allowing rebates to some ...
Weegy: by allowing rebates to some preferred customers who buy a lot of goods a company arrange to sell its products to people who are unwilling to pay the top price for them User: Factors that cause a producer’s average cost per unit to fall while output rises are known as _____. a. franchise scale b. price discrimination c. economics of scale d. market power scale (More)
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Updated 2/1/2016 3:34:21 AM
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Factors that cause a producer’s average cost per unit to fall while output rises are known as economics of scale.
Added 2/1/2016 3:34:21 AM
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