-The Figure Above Shows the Market for Private Elementary School

question 105

Multiple Choice

-The figure above shows the market for private elementary school education in Chicago.There is no external cost of private elementary education.If the government does not intervene in this market,the equilibrium price of private education is

• A) $12,000.
• B) $16,000.
• C) $20,000.
• D) $4,000.
• E) $6,000.

Understand the characteristics and importance of entrepreneurship in the economy.

Analyze the role and efficiency of capital markets in allocating resources and funding projects.

Identify factors that contribute to economic profit and distinguish it from other forms of profit.

Assess the impact of government vs. market allocation of investment funds on economic growth.

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