If Government Decides to Control the Amount of a Good

question 187

Multiple Choice

If government decides to control the amount of a good allowed into a market, this will:

• A) always result in an increase in efficiency in the market.
• B) increase incentives for market participants to engage in black market activities.
• C) result in the equilibrium quantity being produced if the quota is binding.
• D) lead to more of the good being produced.

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