Productivity in the services industry may be underestimated because measurements of productivity do not take into account the quality of the service provided

When negative externalities from production exist, the deadweight loss from a competitive market may be larger than with a monopoly

What will be an ideal response?

Which of the following could be called a virtue of raising prices of depletable resources?

a. It would discourage consumption and waste. b. It would stimulate more efficient use of resources. c. It would encourage innovation and discovery of alternatives. d. All of the above are true.