This topic contains a solution. Click here to go to the answer

Author Question: Entry drives economic profits to zero. Indicate whether the statement is true or ... (Read 57 times)

serike

  • Hero Member
  • *****
  • Posts: 542
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

stanleka1

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

True

Answer to Question 2

C




serike

  • Member
  • Posts: 542
Reply 2 on: Jun 30, 2018
Wow, this really help


raenoj

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

For a complete list of videos, visit our video library