« previous next »

Author Question: In the case of an external benefit generated by an activity, such as education, a private subsidy ... (Read 103 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
on: Jun 29, 2018
In the case of an external benefit generated by an activity, such as education, a private subsidy for that activity can achieve an efficient outcome.
 
  Indicate whether the statement is true or false

Question 2

What does the deadweight loss from monopoly measure?
 
  What will be an ideal response?


uniquea123

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

The deadweight loss from monopoly measures the loss to society of having a product produced by a monopoly rather than a perfectly competitive industry. The deadweight loss results from the point that a monopolist produces less output than would a perfectly competitive industry. The monopolist produces less output in order to raise the price of the product and thereby earn an economic profit.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Preschoolers benefit from helping with meal preparation, especially with foods they like Preschoolers benefit from helping with meal preparation, especially with foods they like
external structure of female reproductive system external structure of female reproductive system
Reversible amino acid modifications involved in regulation of protein activity Reversible amino acid modifications involved in regulation of protein activity
External acoustic meatus External acoustic meatus
Some clues about the importance of language experience come from the tragic case of Genie, a girl ... Some clues about the importance of language experience come from the tragic case of Genie, a girl ...
An infant begins to notice the external environment by the age of 4 to 8 months An infant begins to notice the external environment by the age of 4 to 8 months
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library