If a monopolist is maximizing its profits, we know that it has:

The table above provides information about the marginal social cost and marginal social benefit of street lights, which are a public good

a) What quantity would a private company provide? Why? b) What is the efficient quantity?

What is one way to measure technological progress?

(A) Any increases in labor minus increases in capital. (B) Total growth plus increases in capital and labor. (C) Total growth minus increases in capital and labor. (D) Any increases in capital minus increases in labor.