A marginal external cost is the cost of producing an additional unit of a good that falls on the producer
Indicate whether the statement is true or false
FALSE
You might also like to view...
Which of the following is a tool that is used by the Fed to control the quantity of money?
A) open market operations B) excess reserves C) government expenditure multiplier D) real interest rate
The marginal cost curve shows the per-unit cost associated with various levels of output.
Answer the following statement true (T) or false (F)
The term monopolistic competition
a. is an alternate expression for monopoly b. is used to describe perfect competition with strong entry barriers c. denotes an industry with one seller of many differentiated products d. denotes an industry with many sellers of homogeneous products e. denotes an industry with many sellers of differentiated products
The patent and copyright systems
a. reduce the cost of duplicating intellectual property b. help make the market for intellectual property more competitive c. are forms of intellectual property d. help increase the incentives to create new intellectual property e. help reduce the incentives to create new intellectual property