« previous next »

Author Question: A free-rider problem exists if A) those consuming the good pay more than the cost of providing ... (Read 41 times)

stock

  • Hero Member
  • *****
  • Posts: 573
on: Jun 29, 2018
A free-rider problem exists if
 
  A) those consuming the good pay more than the cost of providing the good so that the producer's profits increase (free ride) as a result of the overpayment.
  B) those consuming the good pay nothing for it.
  C) two consumers can jointly consume a good, which lowers the price per person.
  D) a firm can obtain technology at a fair price.

Question 2

The profit maximizing condition for a firm in monopolistic competition is to produce so that
 
  A) marginal cost equals marginal revenue.
  B) marginal cost equals price.
  C) average total cost equals price.
  D) price equals marginal revenue.


juiceman1987

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Take a good look at this woman Take a good look at this woman
Cross Section of Skin and Free Nerve Endings Cross Section of Skin and Free Nerve Endings
One Solution to the Nine-Dot Problem One Solution to the Nine-Dot Problem
Cost Savings with an EHR System Cost Savings with an EHR System
First-order sensory neuron with free nerve endings First-order sensory neuron with free nerve endings
Trigonometry, Area Problem Trigonometry, Area Problem
Video: Electrocardiogram Examination

For a complete list of videos, visit our video library