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True/False/Uncertain

Economics

True/False/Uncertain.

Evaluate whether the following statements are true, false or uncertain. Make sure to explain your reasoning

a. In the presence of a binding price floor, a good will not be efficiently allocated among consumers.

b. Equilibrium in a monopolized market is efficient because the monopolist always produces where marginal cost equals marginal revenue

c. The opportunity cost of a free H1N1 vaccination is zero.

d. A rise in the price of one good will lead you to consume more of all other goods.

Option 1

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