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Burka [1]
3 years ago
8

Bakers are much _________ likely to supply pastries to the market if property rights are not enforced. In the presence of market

failures, public policy can improve economic efficiency.
Classify the source of market failure in each case listed.

a. A manufacturing plant dumps chemical waste into a nearby river, poisoning the water supply for a small town downstream.
b. There is only one car dealership in a small town, giving the dealership the ability to influence the price of cars.
Business
1 answer:
sergij07 [2.7K]3 years ago
4 0

Answer and Explanation:

In the case when the property rights are not enforced so here the bakers are less likely to supply the pastries

Now the classification of the market failure is as follows;

a. When the manufacturing firm dump the chemical water in near by river so it would be classified as an externality

b. And, when there is only one car dealership so this represent the market power

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3 years ago
As indicated in the chapter, return on investment (ROI) is well entrenched in business practice. However, its use can have negat
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Answer:

ROI = net profit / total investment

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6 0
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Nuetrik [128]

Answer:

C Protection against inflation

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1. Unit of account

2. Store of value

3. Medium of exchange

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So the protection against inflation would not be considered for the same

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Alex

Answer:

net income = $106,000

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