It is possible to charge a price for a pure public good.
Answer the following statement true (T) or false (F)
False
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If you pay $35 for a sticker that entitles you to park on campus for 35 weeks of the academic year, the marginal dollar cost to you of parking your car on campus on any given weekday will be
A) $35. B) $1. C) $.20. D) zero. E) negative.
Industry concentration measures the extent to which
A) products are differentiated by the firms in the industry. B) the market is dominated by a small number of firms. C) the industry executives concentrate on their product. D) consumers are geographically concentrated.
Firms can earn economic profits even in the long run if
a. they charge the highest price possible b. there is a cost-reducing technological change c. there are significant barriers to entry d. marginal revenue equals marginal cost e. price is less than average variable cost at all rates of output
How would expansionary monetary policy affect the AD curve?
A. It would shift to the right. B. It would fall. C. It would become more static. D. It would shift to the left.