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    Exam 5: Efficiency and Equity
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    A Contest Is a Good Way to Allocate Scarce Resources
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A Contest Is a Good Way to Allocate Scarce Resources

Question 54

Question 54

Multiple Choice

A contest is a good way to allocate scarce resources when


A) the efforts of the players are hard to monitor directly.
B) the lines of responsibility are clear.
C) the decision being made affects a large number of people.
D) there is no effective way to distinguish among potential users.

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