The following are some assumptions and implications about the Market Equilibrium under the Free Market model,EXCEPT:

Question 1 options:

a	The market equilibrium is optimal for all.
b	The market equilibrium is efficiet.
c	The market equilibrium is stable.
d	Individuals incorporate economic externalities when making their rational choices.

According the the standard Free Market model, the following are key roles the Government could play in a Free Market system to improve its operation, EXCEPT:

a	Enforcement of contracts.
b	Regulation of externalities.
c	Wealth redistribution
d	Provision of Public Goods.

The following are correct statements about the effects coming from a Price Floor regulation enforced on a certain market, EXCEPT:

a	The regulated price prevailing will be higher than the price in equilibrium.
b	The consumers in this market will always be worse off (lower consumer's surplus)
c	The producers in this market will always be worse off (lower producer's surplus)
d	A Deadweight Loss will be generated

The following are correct statements about the effects coming from a Price Ceiling regulation on a certain market,EXCEPT:

a	The quantity produced will decrease.
b	A Deadweight Loss will be generated.
c	If the regulation is enforced, consumers will for sure be worse off.
d	If an illegal market emerges, both consumers and producers could end up being worse off.

The following are expected impacts coming from a Low Quota Regulation in the market for a certain good x,EXCEPT:

a	The Quantity in the market will decrease.
b	The Price in the market will decrease.
c	It will cause a Deadweight Loss
d	It will have the same impact as a Price Floor regulation.