Multiple Choice
When a professor announces to the class that she will grade on a curve and that no one in the class will receive a grade lower than a "C"
A) a moral hazard problem for her students will likely arise.
B) an adverse selection problem for her students will likely arise.
C) the marginal social benefit will exceed the marginal social cost.
D) the marginal social cost will exceed the marginal social benefit.
Correct Answer:
Verified
Correct Answer:
Verified
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Q106: Exhibit 30-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 30-3
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Q113: Exhibit 30-5<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 30-5