Can I get some economics help?

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Jason F

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Legal prohibitions against price gouging ...
A are necessary for the smooth operation of a market economy
B are price floors that lead to surpluses
C are price ceilings that lead to shortages
D prevent price discrimination


MP3s, electronic texts, and digitized movies are most closely fit the definition of what kinds of goods, from the perspective of economics? (Points: 4)
A scarce goods
B uncertain goods
C natural monopoly goods
D public goods

A good that can be reproduced and distributed at a zero marginal cost is an example of _____. (Points: 4)
A public good
B commodity
C oligopoly good
D monopoly good
 
1. C. Price gouging is a fallacious term, so laws against it limit prices and would lead to shortages.
2. Not A, C, or D, so I would say B.
3. C?
 
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