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1. Which of the following statements are true of using a first-come, first-served basis to distribute goods? Check all that apply.
A. It allows everyone to get everything he or she wants.
B. It generates the incentive to be first.
C. It provides no incentive to allocate goods from lower-valued uses to higher-valued uses.
D. It is completely fair.
2. Which system for allocating goods provides the best incentives to allocate goods from lower-valued uses to higher-values uses?
A. A first-come, first-served basis
B. The government
C. The market
D. A lottery
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Suppose a typical consumer's inverse demand function for bottled water at a resort area where one firm owns all the rights to a local spring is given by P = 15 - 3Q. The marginal cost for gathering and bottling the water is $3 per gallon. Find the op..
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To critically evaluate Coursera's competitive strategy in relation to MOOCs industry and other traditional higher education providers (e.g., universities). Relevant concepts/theory should be used in the evaluation (e.g., Porter generic strategy or..
If the rate of money growth and the growth rate of the real GDP were the same in both countries, the explain how would the rate of inflation differ among them.
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