Multiple Choice
A cable company can add a subscriber for ________ and a market failure occurs because the price charged ________.
A) nearly zero marginal cost; exceeds marginal cost
B) less than average cost; reduces consumer surplus
C) nearly zero marginal cost; is extortionist
D) average variable cost; increases producer surplus
Correct Answer:
Verified
Correct Answer:
Verified
Q14: If a production process creates positive externalities,a
Q43: Environmental CSR that is undertaken to reduce
Q44: Which of the following is NOT a
Q46: Regulation<br>A)always increases consumer surplus.<br>B)passes the cost-benefit test.<br>C)solves
Q47: If a government policy increases benefits to
Q49: A main rationale for government intervention in
Q50: When discussing rules that governments use to
Q52: If the government regulates the price a
Q86: If a production process generates pollution,then a
Q113: In a competitive market,a negative externality creates