Author Question: Entry drives economic profits to zero. Indicate whether the statement is true or ... (Read 54 times)

serike · **on:** Jun 30, 2018

Entry drives economic profits to zero.
Indicate whether the statement is true or false

Question 2

Which of the following statements is true about public goods?
a. They are always produced by the government.
b. The market-determined output is efficient.
c. The government can hire a private entity to produce a public good.
d. Nonexcludability is sufficient condition for a good to classified as a public good.