A collective consumption good may be inefficiently produced by the private sector because _____
a. it is inefficient to raise price above marginal cost
b. of free riding problems
c. fixed costs are too high
d. private producers are greedy
a
Economics
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Suppose Chevrolet produced 90,000 Camaros in the United States in 2012 and during 2012 sold 69,000 to U.S. customers and exported 14,000 to foreign buyers. How many Camaros would the BEA count as investment spending by Chevrolet in 2012?
A) 7,000 B) 21,000 C) 76,000 D) 90,000
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Describe the shape of the monopolistically competitive firm's demand curve
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