Business, 25.10.2019 18:43, vale4287

When the price of a good increases, it undoubtedly hurts individual consumers, since they now have to pay more for a particular good. however, there are some cases in which a price increase can actually serve the public interest.

which of the following is an example of a price increase that serves the public interest? check all that apply.

(a) a monopolist sets its price above that which would occur in a perfectly competitive market.
(b) the price for a hunting license is increased in an effort to reduce the number of hunters.
(c) a law is passed increasing the price of cigarettes in an effort to decrease secondhand smoke.

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When the price of a good increases, it undoubtedly hurts individual consumers, since they now have t...