A public good will ?

Related Mcqs:

A perfectly competitive market has ?

A. firms that set their own prices B. only one seller. C. at least a few sellers. D. many buyers and sellers....

Economists use the term Black Markets for situations where ?

A. goods are sold at prices above legal or official price. B. buyers and/or sellers are not paying taxes as they should C. illegal substances are sold D. transactions are not recorded in the GDP figures....

We cannot say whether one allocation of resources is better than another allocation because ?

A. some people can’t count B. some people may not be permanent resident C. not all economic activity is legal D. We can’t make value judgments to compare different people’s welfare...

If the price was fixed below the equilibrium price there would be ?

A. Excess supply B. Excess demand C. Equilibrium D. Downward pressure on prices...

If a maximum price is set below equilibrium there will be ?

A. A price fall B. A price increase C. Excess supply D. Excess demand...