In order to avoid the free-rider problem, which of the following goods is best provided by the government and paid for with tax dollars?

At a certain level of production, the marginal revenue and marginal cost of a monopolist are $8 and $6, respectively. Which of the following statements is true in this context?

A) The monopolist should expand production. B) The monopolist should contract production. C) The profits of the monopolist are maximized. D) The profits of the monopolist are minimized.

Firms organize production by using a mixture of two systems: (1 ) command systems and (2 ) incentive systems

Indicate whether the statement is true or false