If there is an external cost from making paper, an unregulated ...

[fnuegbu]

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.

[kswal303]

Answer to Question 1

C

Answer to Question 2

A

[fnuegbu]

Thanks for the timely response, appreciate it

[fatboyy09]

TYSM