Refer to the above figure. An external benefit exists. The amount of that benefit is represented by
A) P4.
B) the vertical distance between D1 and D2.
C) the distance between G and F.
D) P3.
B
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Suppose that an industry consists of 10 firms, and the top 4 firms have annual sales of $2.5 million, $2 million, $1.5 million, and $1 million, respectively
If the entire industry has annual sales of $10 million, the four-firm concentration ratio is A) 85 percent. B) 50 percent. C) 10 percent. D) 70 percent.
Are business inventory changes always planned? Give an example to support your argument
Edward Chamberlin argued that brand names
a. hampered market efficiency. b. were instrumental in enhancing market efficiency. c. were useful in enhancing market efficiency when the government enforced the use of exclusive trademarks. d. were likely to be more socially efficient when used in conjunction with advertising.
The monetarists believed that if the money supply was increased during a recession, people would ____________.
Fill in the blank(s) with the appropriate word(s).