If the natural monopoly shown in the figure above is unregulated, then it will charge a price of

The "crowding-out effect" refers to how a government budget deficit

A) shifts only the supply of loanable funds curve leftward. B) shifts both the demand for and the supply of loanable funds curves leftward. C) increases the equilibrium quantity of investment. D) shifts only the demand for loanable funds curve leftward. E) decreases the equilibrium quantity of investment.

For a common resource, efficiency requires that the ________ equals the ________

A) marginal private benefit; marginal private cost B) marginal social benefit; marginal social cost C) marginal private benefit; marginal social benefit D) marginal social cost; marginal private cost