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Author Question: Private markets will not provide the efficient quantity of a public good because A) of the ... (Read 67 times)

tnt_battle

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on: Jun 29, 2018
Private markets will not provide the efficient quantity of a public good because
 
  A) of the principle of minimum differentiation.
  B) public goods are rival and excludable.
  C) of rational ignorance.
  D) of the free-rider problem.

Question 2

The above figure shows the demand and cost curves for a firm in monopolistic competition. The firm maximizes its profit by
 
  A) producing 8 units at a price of 5 each.
  B) producing 8 units at a price of 15 each.
  C) producing 4 units at a price of 20 each.
  D) producing 12 units at a price of 10 each.


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matt

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

D

Answer to Question 2

B


tnt_battle

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Reply #2 on: Jun 29, 2018
Thank you


matt

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Reply #3 on: Jun 29, 2018
No problemo


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