« previous next »

Author Question: Which of the following statements about the private production of a public good is true? a. ... (Read 53 times)

Mr.Thesaxman

  • Hero Member
  • *****
  • Posts: 514
on: Jul 1, 2018
Which of the following statements about the private production of a public good is true?
 
  a. Private production is not feasible unless government subsidizes it.
  b. Private production is only possible for pure public goods.
  c. Private production is always inefficient.
   d. Private production is provides useful information about consumer preferences.

Question 2

Explain why consumers benefit from a merger between a monopoly producer and its monopoly supplier of labor.
 
  What will be an ideal response?


cdmart10

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

A monopoly supplier of labor sells labor at an inflated wage. If the output monopoly purchases the monopoly source of labor, it will internally price labor at the competitive wage.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

In nest, under production In nest, under production
A good posture for practicing meditation is seated in a chair with the back upright and in ... A good posture for practicing meditation is seated in a chair with the back upright and in ...
Private Practice Massage Therapy Business Plan Private Practice Massage Therapy Business Plan
Good Old War - Part Of Me [Audio] Good Old War - Part Of Me [Audio]
Major U.S. Centers of Cattle, Corn, Wheat, and Soybean Production Major U.S. Centers of Cattle, Corn, Wheat, and Soybean Production
The Production of Cytotoxic T-lymphocytes (CTLs) The Production of Cytotoxic T-lymphocytes (CTLs)
Video: Brain Anatomy Animation (Part 1 of 2)

For a complete list of videos, visit our video library