The figure above shows the costs and demand curves for the Bigshow Cable Company. If the firm is required to set its price according to an average cost pricing rule, the price is ________ and the quantity produced is ________ million

To eliminate a recessionary gap, what fiscal policy should the government pursue?

What will be an ideal response?

Which of the following is false? a. The nature of public goods is such that the government cannot accurately assess the benefits of those affected. b. National defense and flood control are illustrations of public goods

c. Just as in the case of external costs, public goods tend to be underprovided by the private sector. d. All of the above are true.