Asked by Yusuf Gazali on May 18, 2024
Verified
The type of nonprice rationing that most closely approaches the market outcome is
A) coupon rationing with coupons that can be resold.
B) coupon rationing with coupons that cannot be resold.
C) first-come, first-served basis or queuing.
D) favored customer rationing.
Coupon Rationing
A method where coupons are used to limit the purchase of certain products to ensure equitable distribution or to manage scarcity.
Market Outcome
The end result of all buying and selling activities within a particular market, determined by factors like supply and demand, competition, and regulation.
Resold
The act of selling a product or service that has previously been bought, often used in the context of goods sold in secondary markets.
- Investigate different mechanisms of rationing resources without adjusting prices, and assess their effectiveness in allocating resources.
Verified Answer
Learning Objectives
- Investigate different mechanisms of rationing resources without adjusting prices, and assess their effectiveness in allocating resources.
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