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
A
Economics
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Refer to the scenario above. A firm producing Good Y will ________
A) earn economic profits if it charges a price of 120 B) incur losses if it charges a price of $200 C) earn zero economic profits if it charges a price of $170 D) shut down production if price falls below $200
Economics
There are debt relief programs currently available for highly indebted poor countries
Indicate whether the statement is true or false
Economics