Question 17 4 pts
Assume a profit-maximizing monopoly and firms in a perfectly competitive market
have identical cost and revenue conditions. In which market will a binding price ceiling
result in a more efficient outcome and why?
The perfectly competitive market will become more efficient because the deadweight loss
will decrease
The perfectly competitive market will become more efficient because consumers will be able
to purchase greater quantities of the good at a lower price
The monopoly will become more efficient because the deadweight loss will decrease
The monopoly will become more efficient because producers will be able to sell greater
quantities of the good at a higher price
Both markets will become more efficient because total economic surplus will increase

dear friend:

  i hope this letter finds you in soaring spirits and vibrant health. as you had expressed the wish to know about culture, traditions, and unity of india in your previous letter, in the following lines i have tried my best to give you glimpses of our culture, traditions, and unity. you will be amazed to know that our culture is the oldest culture in the world and the birth place of hinduism, buddhism, jainism, and sikhism. you won’t find any other culture as varied and multi-colored, multi-lingual as ours. each region has its own unique culture, traditions, language. there are 22 official languages in india.

  basically, india is a spiritual country with orthodox traditions. for example the people of india believe in traditions set by their wise forefathers. arranged marriages, joint-family system, universal brotherhood, vegetarianism, celebrating festivals such as diwali, holi, eid, etc., are the salient features of our culture and traditions.

  another unique aspect about our country is ‘unity in diversity’. in spite of the multi-lingual, multi-religious, multi-traditional, multi-cultural society, people live peacefully together, respecting one another’s views, cultures, traditions, and differences. i am sure you would love to visit india soon, and have a first-hand experience of the multi-colored culture. give regards to uncle and aunt. do visit india with your family and experience our hospitality.

your friend,

isb

explanation:

ahw

answer; aristotle;