I believe it is a non-sufficient funds fee
<span>1) - we see here that each college is different, so the answer is that they are not competitive because they are not not homogenous - since they can for example not all offer the same courses 2) This is a monopoly - they have the exclusive right to provide some service! it's not a competetive market (other companies don't have free entry). 3) Here there are not too many sellers - it's just a few companies, so people alsco can't choose from too many options. 4) this is a true competitive market - it has a free entry, many sellers and the product is homogenous!</span>
Answer:
If the market floor is over demand, there is a surplus supply at that point. As a result , the number for oranges bought by the state would be Q1Q2 across the table.
Benefit is to the growers growing oranges as they've been having a better price and the cost is to the customers and community at large as it increases in deadweight losses. The triangular region in the graph reflects a moral hazard, DWL.
A basic concept in economics is that all resources are scarce.
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Explanation:</u></h3>
There are wants, needs and desires that are unlimited in nature with respect to humans. Resources are very essential for the survival of human beings. The distribution of these scare resources is studied by the Economics. Free goods refer to those goods that come without any cost associated with that.
The resources that are available naturally is scarce because there are only finite quantity available for the utilisation. Some of the examples of scarce resources include raw materials, workers, etc that are very essential for the production of the scarce goods.
