The existence of public goods can be a source of market failure.
Answer the following statement true (T) or false (F)
True
Economics
You might also like to view...
The base year is 2010. A country only produces MP3 players. The price of an MP3 player in 2008 was $50. The price of an MP3 player was $30 in 2010. The quantity of MP3 players produced in 2008 was 10,000 units and in 2010 was 20,000 units
Nominal GDP in 2010 equals A) $500,000. B) $200,000. C) $1,000,000. D) $600,000. E) an amount that cannot be determined without information about real GDP in 2010.
Economics
Refer to the table above. If the market is perfectly competitive, the equilibrium price of calculators is:
A) $2. B) $6. C) $12. D) $20.
Economics