In Figure 22.2 and ignoring any possible externalities, the net benefit to society of this market is 
A. 0P*CQ*
B. ABC
C. 0BCQ*
D. BP*C
Answer: B
You might also like to view...
A price increase will always increase a firm’s revenue.
Answer the following statement true (T) or false (F)
The goal of managers is to manage resources in such a way
A) to make them worth as much as they would be in their next best use. B) to make them worth more than they would be in any other use. C) to cover the cost of capital. D) to cover all opportunity costs.
Which of the following will not increase the opportunity for internal financing of capital?
A. Improved banking facilities. B. Transparent capital markets. C. Saving incentives. D. Seizing of private banks by the government.
In general we could say that the decade of the 1980s was a time of
A. more regulation. B. less regulation. C. little change in degree of regulation.