By producing less, a firm can reduce A) its fixed costs and ...

[ETearle]

By producing less, a firm can reduce
 
  A) its fixed costs and its variable costs.
  B) its fixed costs but not its variable costs.
  C) its variable costs but not its fixed costs.
  D) neither its variable costs nor its fixed costs.

Question 2

Government failure, when government actions lead to inefficiency, can result in
 
  A) overprovision.
  B) underprovision.
  C) both A and B.
  D) neither A nor B.

[sultana.d]

Answer to Question 1

C

Answer to Question 2

C

[ETearle]

Thanks for the timely response, appreciate it

[laurnthompson]

Great answer, keep it coming