Ideal conditions for laissez-faire economy

Assignment Help Business Economics

Reference no: EM13860781

Which of the following are the ideal conditions for a laissez-faire economy?

a. external benefits and perfect competition

b. external benefits and oligopoly

c. no externalities and no barriers to entry

d. no externalities and moderate barriers of entry to protect consumers

e. either A or B

Reference no: EM13860781

Questions Cloud

Describe how producer surplus is measured : Describe "how" producer surplus is measured? What happens to producer surplus when the price of a good rises - all other things equal.

Define relative discrimination : 1-Define 'Relative Discrimination' and 'Absolute Discrimination' and provide examples of each? 2-Discuss the Social Distance Scale and explain what the scale measured.

Explain obstetrics and neonatology : We saw that risk management involves playing the devil's advocate and asking, "What could go wrong?" Creating scenarios and thinking through situations will help you understand the nature of the risk better. This is your exercise for the week.

Optimal consumption bundle before any price change : Bob’s utility function is given by . 0.5 0.5 U = X Y Bob earns $400. The price of X is $2 and the price of Y is $4. a. What is Bob’s optimal consumption bundle before any price change? b. Suppose the price of X increases to $4. What does Bob consume ..

Ideal conditions for laissez-faire economy : Which of the following are the ideal conditions for a laissez-faire economy?

Equation that gives every bundle of cigarettes and coffee : Iggy only consumes two goods: coffee and cigarettes. Three cigarettes can be traded for one cup of coffee in a free market, or one cup coffee can be traded for three cigarettes. Iggy initially has 12 cigarettes and 5 cups of coffees. Find an equatio..

Costs even though they are counted as income paid to persons : Which of the following items are not considered resource costs even though they are counted as income paid to persons?

Define what form entails and its impact to the healthcare : Create a 2-page list of forms that you believe should be required for new patient admissions within medical facilities. Define what each form entails and its impact to the healthcare organization.

Ideal conditions for laissez-faire economy : Which of the following are the ideal conditions for a laissez-faire economy?

User Account

All Pages