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Author Question: Entry drives economic profits to zero. Indicate whether the statement is true or ... (Read 53 times)

serike

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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.


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stanleka1

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

C


serike

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Reply 2 on: Jun 30, 2018
Excellent

bblaney

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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