Question
Deregulation has both efficiency and distributional implications. Empirical studies show that following airline deregulation, consumer surplus ________, producer surplus ________, and total surplus ________. a.
Deregulation has both efficiency and distributional implications. Empirical studies show that following airline deregulation, consumer surplus ________, producer surplus ________, and total surplus ________.
a. decreased; increased; increased
b. increased; decreased; increased
c. increased; increased; increased
d. decreased; increased; decreased
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International Economics
Authors: Dominick Salvatore
11th edition
978-1118177938, 1118177932, 1119915732, 978-1118476017, 1118476018, 978-1119915737
