Advanced Placement (AP), 14.12.2020 20:50 emmasandberg182
Whenever production costs to a private business do not equal the total costs to the whole community, which of the following will occur without government intervention?
a) no economic surplus
b) a shortage of the good
C) allocative inefficiency
Answers: 2
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Whenever production costs to a private business do not equal the total costs to the whole community,...
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