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

Author Question: When there are external costs of production, such as when electric utilities burn coal, a ... (Read 49 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
on: Jun 29, 2018
When there are external costs of production, such as when electric utilities burn coal, a competitive market will produce an inefficient level of output.
 
  Indicate whether the statement is true or false

Question 2

Price discrimination
 
  A) eliminates the producer surplus.
  B) turns consumer surplus into producer surplus.
  C) decreases output below the profit-maximizing level.
  D) lowers a monopoly's economic profit.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tuwy

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

B


SGallaher96

  • Member
  • Posts: 509
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

isabelt_18

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Primary production is positively correlated with the evapotranspiration rate. Primary production is positively correlated with the evapotranspiration rate.
Internal and External Loci of Control Internal and External Loci of Control
World Aquaculture Production "لإنتاج العالمي لتربية الأحياء" World Aquaculture Production "لإنتاج العالمي لتربية الأحياء"
Tuition Costs Tuition Costs
Development of the Eyes and Ears: External View - 28 days Embryo Development of the Eyes and Ears: External View - 28 days Embryo
Stem Cell Production Stem Cell Production
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library