Multiple Choice
Two cities A&B are deciding upon joint pollution laws.Right now they both face identical prices for their housing.If they decide that city A is to be a pollution free city "Clean town" and all the factories would locate in city B "Smogville",in the long run,we expect to see
A) Asthmatics moving to Cleantown
B) Poorer families moving to Smogville
C) Residents in both the cities relocating based on their tolerance for pollution
D) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q26: All these are characteristics of a monopoly
Q27: A firm in a _ faces a
Q28: In the long run,in a competitive industry<br>A)economic
Q29: In a competitive industry<br>A)firms produce a product
Q30: In a perfectly competitive market industry,firm's prices
Q32: Two cities A&B are deciding upon joint
Q33: Once the patent for a drug in
Q34: In a competitive industry<br>A)firms have no cost
Q35: Low risk stocks are usually accompanied by<br>A)low
Q36: Monopolies can earn positive profits<br>A)In the long