Which of the following is not an argument against government intervention in a market? A. If the government reduces output below the free market level, consumer surplus will fall. B. If the government reduces output below the free market level, producer surplus will fall. C. If the government raises output above the free market level, consumers will get extra benefit from the extra units of output. D. If the government raises output above the free market level, some units of output will cost more to produce than the value placed on them by consumers.
Which of the following is not an argument against government intervention in a market? A. If the government reduces output below the free market level, consumer surplus will fall. B. If the government reduces output below the free market level, producer surplus will fall. C. If the government raises output above the free market level, consumers will get extra benefit from the extra units of output. D. If the government raises output above the free market level, some units of output will cost more to produce than the value placed on them by consumers.
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: Public Goods And Common Resources
Section: Chapter Questions
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2. Which of the following is not an argument against government intervention in a market?
A. If the government reduces output below the free market level,
B. If the government reduces output below the free market level,
C. If the government raises output above the free market level, consumers will get extra benefit from the extra units of output.
D. If the government raises output above the free market level, some units of output will cost more to produce than the value placed on them by consumers.
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