One benefit to private sector production of a collective consumption good is _____
a. it overcomes the free riding problem
b. private producers can often bundle the good with something else people value
c. profits from private companies can be taxed
d. provides information valuable in allocating future resources
d
Economics
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At the long-run profit-maximizing output level of a monopolistic competitor, all economies of scale are realized
a. True b. False Indicate whether the statement is true or false
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The exiting of firms from a perfectly competitive industry occurs when
A) opportunity costs cannot be covered. B) P = ATC. C) accounting profit is less than economic profit. D) MR equals MC.
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