Author Question: For a firm in a perfectly competitive product market, the marginal resource cost curve is horizontal ... (Read 94 times)

tingc95 · **on:** Jun 30, 2018

For a firm in a perfectly competitive product market, the marginal resource cost curve is horizontal if the resource market is also competitive.
a. True
b. False

Question 2

When a citizens' group opposes expansion of the prison located in town, the basis of the opposition is that the larger prison will produce
a. a negative externality for the community
b. a positive externality for the community
c. more jobs in the community
d. tax revenue for the community
e. improved criminal justice options