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Author Question: For a product with external benefits that is produced in a competitive, unregulated market, how can ... (Read 20 times)

sammy

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on: Jun 29, 2018
For a product with external benefits that is produced in a competitive, unregulated market, how can the resulting market output be described?
 
  A) underproduction compared to the efficient level
  B) overproduction compared to the efficient level
  C) production equals the efficient level
  D) Underproduction or overproduction are both possible depending on whether the external benefit is to consumption or production.
  E) None of the above is correct.

Question 2

At all the points below the midpoint on a linear demand curve, the value of price elasticity of demand is:
 
  A) zero.
  B) greater than one.
  C) less than one.
  D) equal to one.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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orangecrush

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sammy

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

ryansturges

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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