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Author Question: The figure above shows the marginal benefit curve (MB) and marginal cost curve (MC) of surveillance ... (Read 217 times)

jenna1

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The figure above shows the marginal benefit curve (MB) and marginal cost curve (MC) of surveillance satellites that provide national defense services.


In the figure above, a private market will most likely produce
◦ no satellites because of the free-rider problem.
◦ 200 satellites because at this point marginal benefit equals marginal cost.
◦ less than 200 satellites because over this output range marginal benefit exceeds marginal cost.
◦ more than 200 satellites because over this output range marginal benefit is below marginal cost.
◦ 200 satellites because at this point the market will be in equilibrium.


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Marked as best answer by jenna1 on May 24, 2019

atrochim

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