The seaport town of New Monopoly has become extremely popular with shipping companies due to its superior location. The port has become so congested that ships must wait hours every day just to dock. This is an example of:1 - marginal analysis. 2 - a private good. 3 - a recession. 4 - market failure. B: The mayor of New Monopoly realizes that the congestion at the port costs the shipping companies and his town money. Which decision would NOT move him towards a command economy?1 - The mayor orders the port/'s employees to work extra hours. 2 - The mayor decides to only allow the five most profitable shipping companies to use the port. 3 - The mayor decides to let individual firms and consumers find a solution for the excessive wait time.
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Home » Business » The seaport town of New Monopoly has become extremely popular with shipping companies due to its superior location. The port has become so congested that ships must wait hours every day just to dock. This is an example of:1 - marginal analysis.