Price floor is A. a legal minimum on the price at which a good can be sold. B. often imposed when sellers of a good are successful in their attempts to convince the government that the market outcome is unfair without a price floor. C. a source of inefficiency in a market.

Ashare stock is a small piece of ownership in a company ture or false

Aprimary advantage of organizing economic activity within firms is thea. ability to coordinate highly complex tasks to allow for specialized division of labor. b. low administrative costs because of reduced bureaucracy. c. eradication of the principal-agent problem. d. high-powered incentive to work as salaried employees for an existing firm.

Which of the following scenarios will probably cause prices to drop