The existence of positive externalities indicates that price is too low
Indicate whether the statement is true or false
F
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Use the following table to answer the question below.Price per UnitQuantity Demanded per YearQuantity Supplied per Year$52,0000101,800300151,600600201,400900251,2001,200301,0001,500In this competitive market, the price and quantity will settle at
A. $25 and 1,200 units. B. $10 and 1,800 units. C. $20 and 900 units. D. $15 and 1,600 units.
Why can a monopoly earn economic profits in the long run?
Assume both the marginal cost and the average variable cost curves are U-shaped. At the minimum point on the AVC curve, marginal cost must be:
a. greater than the average variable cost. b. equal to the average variable cost. c. less than the average variable cost. d. at its minimum.
When the MPC = 0.80, the multiplier is
A) 5.00. B) 0.25. C) 4.00. D) 7.50.