« previous next »

Author Question: A free-rider problem exists if A) those consuming the good pay more than the cost of providing ... (Read 80 times)

stock

  • Hero Member
  • *****
  • Posts: 573
on: Jun 29, 2018
A free-rider problem exists if
 
  A) those consuming the good pay more than the cost of providing the good so that the producer's profits increase (free ride) as a result of the overpayment.
  B) those consuming the good pay nothing for it.
  C) two consumers can jointly consume a good, which lowers the price per person.
  D) a firm can obtain technology at a fair price.

Question 2

The profit maximizing condition for a firm in monopolistic competition is to produce so that
 
  A) marginal cost equals marginal revenue.
  B) marginal cost equals price.
  C) average total cost equals price.
  D) price equals marginal revenue.


juiceman1987

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Practice Problem 86 You are studying the regulatory DNA of a mouse gene expressed in developing ... Practice Problem 86 You are studying the regulatory DNA of a mouse gene expressed in developing ...
Carrots are a good source of vitamin A Carrots are a good source of vitamin A
Infant formula is available in several forms and varies in cost and ingredients Infant formula is available in several forms and varies in cost and ingredients
Linear Problem Linear Problem
Chemistry - Problem Exercise Chemistry - Problem Exercise
The problem of repetitive DNA The problem of repetitive DNA
Video: Carbohydrate Metabolism: Introduction to renal processes and filtrate formation and composition

For a complete list of videos, visit our video library