Suppose at the current level of labor used, MRP = $100 and MFC = $50. To maximize profits, the firm should

If producer pays entire tax, good is _________________.

Fill in the blank(s) with the appropriate word(s).

As more people imported cars from abroad, service facilities became widely available. This increased the value of imported cars to those who owned one. This is an example of a(n) ________

A) pecuniary externality B) network externality C) moral hazard D) adverse selection