Many highways have designated car pool or highoccupancy lanes. Generally, only cars containing at least two people can use these lanes. Single drivers are fined heavily if they are caught using these lanes. With new technologies, it is possible to charge drivers using car pool lanes by recording identifying markings on the car and billing the owners. Would allowing single drivers to pay to use car pool lanes increase economic efficiency? Explain.

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A: The reduction that is being made from the gross amount of value of goods and services is known as a…

Q: Why are urban areas willing to subsidize urban transit systems? Does the argument for subsidies make…

A: Urban area: It means the geographical area distinct from rural areas.

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A: The production process includes various activities of a supplier. The cost incurred during this…

Q: Recently, the Metropolitan Transportation Authority (MTA) voted to pass a policy that charges…

A: Externality in economics is a situation where the activities of one party impacts the other party…

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A: When a company controls a significant market share in any given market, it is said to have a…

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A: Doctrine of first sale:- The first sale doctrine states that individuals which intentionally obtains…

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A: The firm would produce at a level of output where the marginal revenue is equal to marginal cost.…

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A: Life-saving drugs are the medicines and other required drugs to be used for treatment of different…

Q: Use economic analysis to explain why the optimal amount of product safety may be less than the…

A: Economic analysis: It is the evaluation of cost and benefits which a consumer gets from the purchase…

Q: 3. As the new owner of Legend's Bar and Grill you must decide on a cover charge and drink prices.…

A: Cover charge is the entrance fee to enter into a club or a bar. It is a fixed cost for all the…

Q: monopoly Start from a market where a monopoly prevails. Select the option or options below that are…

A: Start from a market where a monopoly prevails. Select the option or options below that are correct.…

Q: T/F  Monopoly market is a macroeconomic concept.

A: In macroeconomics, the entire economy as a whole, as opposed to specific markets or businesses, is…

Q: What strategies distinguish the different types of foodretailers?

A: Retailers refer to the individuals, or business units that sells goods to the public in small…

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A: The demand function of dental service =P=600-0.7Q,  P =price of dental service Q =quantity demanded…

Q: Discuss how research and development and advertising can be used by companies to increase market…

A: Research and development(R&D) is an arising idea which is needed by practically each and every…

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A: When a seller raises the price of goods, services, or commodities well over what is deemed…

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A: The equilibrium price and equilibrium quantity of a good sold in the market are determined by the…

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Q: 1. A U.S. patent for the drug that most effectively treats HIV prevents other drug companies from…

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Q: how did cannabis legalization affect market demand?

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Q: ow poorly regulated markets can cause harm to third parties not involved in exchange?

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Q: Discuss ONE key federal law the FTC uses to regulate violators.

A: We are asked to discuss one federal key law, which is

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A: Introduction: The contact between a salesman and a potential buyer is referred to as the selling…

Q: What are concerns that some people have with the use of consumer decision nudges by governments?

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A: Marginal social cost (MSC) refers to total cost to society as a whole for the production of an…

Q: Approximately how often are practitioners sued when they are negligent?

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Q: Why is countertrade considered inefficient?

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Q: obstacles to conducting all types of electronic commerce

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Q: #5

A: In two Part tarrif System We produce till= mc

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