03 Nov Two Q’s but please respond with one single-page
Two Q’s but please respond with one single-page fileIn competitive, well-functioning markets, price equals marginal cost. Is this efficient? Explain why or why not. What incentives, if any, do firms have to produce at that level of output? Explain.“Credit reform accounting is absurd. It reports budget outlays for a loan guarantee when a private bank makes the loan. And, when the government lends a borrower $100, it reports outlays of a fraction of that amount.” Agree or disagree? Explain.