In a competitive market without intervention, pure public goods would be

If it takes 35 years for real GDP to double, real GDP is growing at an annual rate of approximately 2%

Indicate whether the statement is true or false

The above figure shows the market for DVDs. The government decides that all citizens deserve to watch affordable DVDs so a price ceiling of $12 per DVD is placed on DVDs. After this price ceiling is in effect, producer surplus equals ________

A) $900,000 B) $400,000 C) $200,000 D) $100,000 E) $1,800,000