This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A market of price takers is called A) perfectly competitive. B) monopolistically competitive. C) ... (Read 112 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
on: Jun 30, 2018
A market of price takers is called
 A) perfectly competitive.
  B) monopolistically competitive.
  C) a monopoly.
  D) an oligopoly.

Question 2

How is the production of public goods funded?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leannegxo

  • Sr. Member
  • ****
  • Posts: 374
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

Some public goods are voluntarily funded by persons with a sense of obligation, but many are not. When voluntary provision does not suffice, there are three basic ways to fund the production of public goods. First, the public good can be tied with a private good. Second, the law can make a public good excludable. For example, to encourage inventive activity and discourage free riding, inventors can apply for patents that will allow them to control unauthorized use of their inventions for 17 years. Third, governments can supply public goods financed by taxes that citizens have little choice but to pay.


storky111

  • Member
  • Posts: 561
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Bay (left) and chestnut (sometimes called "sorrel") are two of the most common coat colors Bay (left) and chestnut (sometimes called "sorrel") are two of the most common coat colors
Luna Park at Coney Island was a vast living theater in which strollers were both spectators and acto Luna Park at Coney Island was a vast living theater in which strollers were both spectators and acto
Competitive inhibitor Competitive inhibitor
Cutaway Drawing of Tholos, The So-called Treasury of Atreus Cutaway Drawing of Tholos, The So-called Treasury of Atreus
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Generalized life cycles for plants and animals Animation

For a complete list of videos, visit our video library