Economics 9708 · AS & A Level · Behavioural economics

Behavioural economics — practice question

What is most likely to encourage dynamic efficiency?

  • AEntry barriers are reduced to increase competition in the market.
  • BFirms are legally bound to produce where price equals marginal cost.
  • CTaxes on profits are raised to encourage firms to produce where price equals average cost.
  • DTaxes on retained profits are reduced to encourage investment in new technology.

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