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Author Question: If there is an external cost from making paper, an unregulated competitive market produces A) ... (Read 117 times)

fnuegbu

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on: Jun 29, 2018
If there is an external cost from making paper, an unregulated competitive market produces
 
  A) less than the efficient quantity.
  B) the efficient quantity.
  C) more than the efficient quantity.
  D) a quantity that could be greater than, the same as, or less than the efficient amount.

Question 2

In an oligopoly
 
  A) there are only a few firms.
  B) there is no product differentiation.
  C) there is free entry and exit.
  D) firms' decisions are unrelated to each other.


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kswal303

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

C

Answer to Question 2

A


fnuegbu

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

frankwu0507

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Reply 3 on: Yesterday
Wow, this really help

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