[Answered] Entry drives economic profits to zero. Indicate whether the statement is true or ...

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Author Question: Entry drives economic profits to zero. Indicate whether the statement is true or ... (Read 24 times)

serike

Hero Member
Posts: 542

on: Jun 30, 2018

Entry drives economic profits to zero.
Indicate whether the statement is true or false

Question 2

Which of the following statements is true about public goods?
a. They are always produced by the government.
b. The market-determined output is efficient.
c. The government can hire a private entity to produce a public good.
d. Nonexcludability is sufficient condition for a good to classified as a public good.

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Marked as best answer by a Subject Expert

stanleka1

Sr. Member
Posts: 325

Reply #1 on: Jun 30, 2018

Answer to Question 1

True

Answer to Question 2

C

serike

Member
Posts: 542

Reply 2 on: Jun 30, 2018

TYSM

Member
Posts:

Reply 3 on: Yesterday

Excellent

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