Which of the following statements concerning a pure public good is false?
A. It is impossible to exclude non-taxpayers from the enjoyment of the public good
B. All benefits associated with the production and use of a public good are received by the government
C. The availability of a public good to one person simultaneously makes it available to all members of society
D. The private sector does not have an economic incentive to produce a socially optimal amount of a public good
B. All benefits associated with the production and use of a public good are received by the government
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A firm encounters its "shutdown point" when:
A) average total cost equals price at the profit-maximizing level of output. B) average variable cost equals price at the profit-maximizing level of output. C) average fixed cost equals price at the profit-maximizing level of output. D) marginal cost equals price at the profit-maximizing level of output.
Refer to the information provided in Figure 15.1 below to answer the question(s) that follow. Below are cost curves for Dom's Barber Shop, a monopolistically competitive firm. 
Figure 15.1 Refer to Figure 15.1. The profit-maximizing price for a haircut is
A. $10. B. $12. C. $14. D. $16.