MCQs: The allocation of resources is not efficient if ?
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MCQs: We cannot say whether one allocation of resources is better than another allocation because ?
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MCQs: An allocation is Pareto-efficient if no reallocation of resources would make some people _______ without making others ________?
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MCQs: Moral hazard means that the act of insuring ____ that the desired outcome will occur?
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MCQs: A dominant strategy is ?
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MCQs: The prisoners Dilemma Game demonstrates that ?
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MCQs: The reason for the kinked demand curve is that ?
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MCQs: A natural monopoly has a declining _______ over a large range of output?
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MCQs: A monopoly may be self-perpetuating because profits may be used for ?
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MCQs: Comparing a monopoly and competitive firm, the monopolist will ?
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MCQs: Where a tax can be shifted, the incidence depends on ?
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MCQs: Tax incidence is the ?
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MCQs: Economists use the term Black Markets for situations where ?
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MCQs: If the market price is below the equilibrium price ?
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MCQs: It is necessary to ration a good whenever ?
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MCQs: A price ceiling is ?
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MCQs: Nationalisation occurs when ?
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MCQs: With a positive externality ?
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MCQs: When supply increase in an agricultural market farmer’s earning might fall because ?
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MCQs: Merit goods are ?
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