Author Question: The firm's short run supply curve is equal to the A) entire marginal cost curve. B) marginal ... (Read 92 times)

Chloeellawright · **on:** Jun 29, 2018

The firm's short run supply curve is equal to the

A) entire marginal cost curve.
B) marginal cost curve above the AVC curve.
C) marginal cost curve above the ATC curve.
D) marginal cost curve above the AFC curve.

Question 2

Because of the free-rider problem, ________.

A) there is an efficient allocation of resources for common resources
B) private provision leads to the production of more than the efficient quantity of a public good
C) private provision leads to the production of less than the efficient quantity of a public good
D) the public uses too little of a common resource