Author Question: Public goods A) are products supplied by the government. B) are consumed by everyone when one ... (Read 37 times)

sarasara · **on:** Jun 30, 2018

Public goods
A) are products supplied by the government.
B) are consumed by everyone when one person consumes them.
C) are efficiently produced by profit-seeking firms.
D) are freely traded on a market.

Question 2

Cartel members have a collective interest in ____ industry price and a private interest in ____ their own prices.
a. increasing; increasing
b. increasing; decreasing
c. decreasing; increasing
d. decreasing; decreasing