When the court determines that a firm's size alone is sufficient to find that it violated antitrust laws, this criterion is called

How does a public good differ from a quasi-public good? In your answer give an example of each type of good

What will be an ideal response?

Assuming that firms maximize profits, how will the price and output policy of an unregulated monopolist compare with ideal market efficiency?

a. The output of the monopolist will be too large and the price too high. b. The output of the monopolist will be too large and the price too low. c. The output of the monopolist will be too small and the price too high. d. The output of the monopolist will be too small and the price too low.