Two cities face identical prices for their housing.City A decided to be a pollution free city "Clean town" and all the factories would locate in city B "Smogville",we expect the prices of housing in city B "Smogville" to
A) increase
B) decrease
C) stay the same
D) none of the above
Correct Answer:
Verified
Q22: In a competitive industry
A)the industry has high
Q23: In the long run,in a competitive industry
A)economic
Q24: In a competitive industry,the competitive firm's profits
Q25: In a competitive industry
A)firms sell more if
Q26: Competitive firms can earn positive profits in
Q28: The indifference principle states that
A)If an asset
Q29: Two cities face identical prices for their
Q30: The main reason(s)monopolies can earn positive profits
Q31: Two cities A&B are deciding upon joint
Q32: In a competitive industry
A)firms have no cost
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