Which of the following is an example of an artificially scarce good?
A) diamonds, because their supply is artificially restricted by monopoly producers
B) music that is downloadable from the Internet for a fee
C) a daily newspaper
D) hot dogs in a sports stadium, because the number of suppliers is restricted
Correct Answer:
Verified
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Figure: Market
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Q145: The source of the inefficient use of
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Figure: Market
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Figure: Market
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Figure: Demand
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