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Author Question: The quantity of a public good supplied by a private market is A) smaller than the efficient ... (Read 138 times)

AEWBW

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on: Jun 29, 2018
The quantity of a public good supplied by a private market is
 
  A) smaller than the efficient quantity.
  B) equal to the efficient quantity.
  C) larger than the efficient quantity.
  D) the quantity that maximizes total public benefit.

Question 2

The figure above shows the market for milk in Cowland. If a subsidy paid to producers of 1 per gallon of milk is introduced, how many gallons are sold per year?
 
  A) 200 million
  B) 400 million
  C) 300 million
  D) more than 300 million but less than 400 million


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Tabitha_2016

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


AEWBW

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Reply #2 on: Jun 29, 2018
Thank you


Tabitha_2016

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Reply #3 on: Jun 29, 2018
No problemo


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