1. In some blighted inner city neighborhoods, housing is inadequate, there are no large grocery stores, and no restaurants. The city is trying to recruit investors for each of these types of businesses. To do so the city will certainly need to overcome a(n) ________problem. Group of answer choices adverse selection incomplete market Imperfect information moral hazard 2. Suppose that a market is in equilibrium and there is no government intervention in the market. If the private marginal cost of producing an item is $6 and the social marginal cost of production is $4, there must be a _____ of $2. Group of answer choices mcd mpd mcb mpb
1. In some blighted inner city neighborhoods, housing is inadequate, there are no large grocery stores, and no restaurants. The city is trying to recruit investors for each of these types of businesses. To do so the city will certainly need to overcome a(n) ________problem. Group of answer choices adverse selection incomplete market Imperfect information moral hazard 2. Suppose that a market is in equilibrium and there is no government intervention in the market. If the private marginal cost of producing an item is $6 and the social marginal cost of production is $4, there must be a _____ of $2. Group of answer choices mcd mpd mcb mpb
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: Public Goods And Common Resources
Section: Chapter Questions
Problem 4PA
Related questions
Question
1. In some blighted inner city neighborhoods, housing is inadequate, there are no large grocery stores, and no restaurants. The city is trying to recruit investors for each of these types of businesses. To do so the city will certainly need to overcome a(n) ________problem.
Group of answer choices
adverse selection
incomplete market
Imperfect information
moral hazard
2. Suppose that a market is in equilibrium and there is no government intervention in the market. If the private marginal cost of producing an item is $6 and the
Group of answer choices
mcd
mpd
mcb
mpb
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