Entry drives economic profits to zero. Indicate whether the ...

[serike]

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.

[stanleka1]

Answer to Question 1

True

Answer to Question 2

C

[serike]

Thanks for the timely response, appreciate it

[bimper21]

Great answer, keep it coming