21. Social welfare is greater when two or more manufacturers merge to take advan
ID: 1193956 • Letter: 2
Question
21.
Social welfare is greater when two or more manufacturers merge to take advantage of economies of scale.
True
False
Why would this not be true if the cost would go down?
23.
Question 23 2 pts
Consumers will be better off when the government imposes minimum quality standards.
True
False
Why would this not be false if the poor would nto be able to afford the items due to the price being increased because of the quality standards imposed by the government?
24. Which of the following is an example of regulating quality standards?
Advertising bans.
Blue laws.
The minimum wage.
Professional licensing requirements.
Why would this not be Professional Licensing Requirements instead of Advertising Bans?
True
False
Explanation / Answer
True
False
Advertising bans.
Professional licensing requirements
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