-The Figure Above Shows the Market for Brooms

question 191

Multiple Choice

-The figure above shows the market for brooms.Which of the following could lead to the production of fewer than 600 brooms?

• A) a monopoly
• B) a deadweight loss
• C) subsidies
• D) an external cost
• E) a big tradeoff

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Definitions:

Motivation Process

The psychological activities that lead to the arousal, direction, and persistence of voluntary actions aimed at achieving a goal.

Needs

Fundamental human requirements, including physical, social, and psychological necessities, essential for well-being.

Cognitive Processes

The mental actions or processes involved in acquiring knowledge and understanding through the senses, experience, and thought.

Value

The importance, worth, or usefulness of something, often influencing decisions and behavior.