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Author Question: A free-rider problem occurs when the A) good is excludable. B) good is offered at no charge. C) ... (Read 150 times)

mwit1967

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on: Jun 29, 2018
A free-rider problem occurs when the
 
  A) good is excludable.
  B) good is offered at no charge.
  C) good is rival.
  D) good is nonexcludable.

Question 2

In monopolistic competition, profit is maximized when the amount produced is such that
 
  A) marginal revenue equals marginal cost.
  B) marginal revenue is greater than marginal cost.
  C) total revenue equals total cost.
  D) total revenue is maximized.


pallen55

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

D

Answer to Question 2

A


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