Loretta sells Timmy a baseball with a forged autograph of Babe Ruth. Loretta knew that the autograph was forged but told Timmy it was authentic, and even presented him with fake documentation verifying its authenticity. Economists would call this an:.
A. inefficient exchange, as at least one party used false market information.
B. efficient exchange, as any type of voluntary exchange promotes efficiency.
C. inefficient exchange because there were externalities involved.
D. efficient exchange, assuming Loretta was not intentionally trying to trick Timmy

The year is 2278, and the starship enterprise is running low on dilithium crystals, which are used to regulate the matter-antimatter reactions that propel the ship across the universe. without the crystals, space-time travel is not possible. if there is only one known source of dilithium crystals, the necessary conditions for a monopoly are met. part 2 (1 point)see hint if the crystals are government owned or government regulated, and the government wants to create the greatest welfare for society, then it should set the price choose one or more: a. so only the rich can afford space-time travel. b. at the profit-maximizing price. c. at the efficient price. d. using the marginal-cost pricing rule. e. so everyone can afford space-time travel. f. at the monopoly price.