An example of an activity that generates an external cost is

A) dumping soapsuds into a trout stream.
B) national defense services.
C) planting flowers along an interstate highway.
D) eating an apple.

A

Economics

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Assuming that firms do not collude, compare the market outcome under oligopoly with the outcome under monopoly

What will be an ideal response?

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An unregulated natural monopolist would produce to the point at which

A) P = AC. B) MR = AC. C) MR = MC. D) P = MR.

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Economics