Since collective consumption goods have a marginal cost of zero, the efficient price is equal to _____
a. average fixed cost
b. average variable cost
c. marginal cost
d. the market price
c
Economics
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Monopolization of the labor market restricts output because
A) fewer workers offer their services. B) the higher wage raises the firm's marginal cost. C) monopolized workers are less productive. D) a monopolized labor market means there is also a monopolized output market.
Economics
A firm might offer efficiency wages in order to attract a better pool of applicants
a. True b. False Indicate whether the statement is true or false
Economics