The figure above shows the demand for college education (D) , the marginal social benefit of college education (MSB) , and the marginal cost of the private schools (MC) .
-Based on the figure above,when the market is unregulated and is in equilibrium,the deadweight loss is
Definitions:
Cooling-Off Laws
Laws that provide a cooling-off period during which the buyer may cancel the contract, return any merchandise, and obtain a full refund.
Door-to-Door
A direct selling approach where salespeople visit potential customers at their homes or businesses to offer products or services.
Sales Ethics
Principles and standards governing the conduct of individuals or organizations engaged in sales, focusing on fairness, honesty, and responsibility.
Ethical Problems
Situations or dilemmas that involve conflicts between moral imperatives, often challenging individuals or businesses to choose actions that are morally right.
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