A firm's goal is to maximize normal profit. Indicate whether ...

[EAugust]

A firm's goal is to maximize normal profit.
 
  Indicate whether the statement is true or false

Question 2

When producers are hard to monitor and marginal costs differ across producers, ________ are an effective method to achieve efficient use of a ________.
 
  A) individual transferable quotas; public good
  B) marginal private benefits; public good
  C) individual transferable quotas; common resource
  D) individual transferable quotas; excludable good

[iceage]

Answer to Question 1

FALSE

Answer to Question 2

C

[EAugust]

Thank you

[iceage]

No problemo