For a monopoly able to perfectly price discriminate, the marginal revenue curve coincides with the demand curve
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TRUE
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Why is the rate of deforestation frequently higher than would be socially optimal?
a. Forests generate benefits, such as oxygen production and erosion control, that go to those who harvest the trees. b. The increased demand for fossil fuels to replace biofuels is major driver of deforestation. c. Deforestation generates costs, such as soil erosion and reduced production of atmospheric oxygen, that are entirely borne by those who harvest the trees. d. Population pressure coupled with a lack of incentives to conserve open-access resources results in deforestation.
If new legislation allowed patients to sue their health-maintenance organization (HMO), we would expect the supply curve for HMO-provided health care to shift to the left and the price of such coverage to rise
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