Author Question: For a public good, the marginal social benefit curve is the ________ summation of all the individual ... (Read 92 times)

Frost2351 · **on:** Jun 29, 2018

For a public good, the marginal social benefit curve is the ________ summation of all the individual marginal benefit curves.

For a private good, the marginal social benefit curve is the ________ summation of all the individual marginal benefit curves. A) horizontal; vertical
B) vertical; horizontal
C) vertical; vertical
D) horizontal; horizontal

Question 2

The CORRECT ranking of the four basic market structures from low (Herfindahl-Hirschaman Index) HHI to high HHI is

A) perfect competition, oligopoly, monopolistic competition, monopoly.
B) monopoly, oligopoly, monopolistic competition, perfect competition.
C) perfect competition, monopolistic competition, oligopoly, monopoly.
D) monopoly, monopolistic competition, oligopoly, perfect competition.