When you consume good Q, not only do you benefit form consuming the good but other people benefit from your consumption as well, if firms produce good Q where P = MC, firms will be producing ?

Related Mcqs:

The whole class of goods that will be under produced or not produced at all in a completely unregulated market economy are referred to as ?

A. Pareto goods B. public goods C. private goods D. free goods...

_______ beliefs values are open to some degree of change ?

A. Crucial B. Core C. Primary D. Secondary...

The shrinking or distances due to technological advances such as computer and fax connections by telephone are one characteristic of what new challenge to marketing ?

A. Rapid globalization B. The changing world economy C. The call for more socially responsible marketing D. The micro-chip revolution...

When a company enters a new product category for which its current brand names are not appropriate it will likely follow which of the following brand strategies ?

A. Product extensions B. Line extensions C. Brand extensions D. New brands...

The type of trade promotion discount in which manufacturers agree to reduce the price to the retailer in exchange for the retailer’s agreement to feature the manufacturer’s products is some way is called a(n) ?

A. discount B. allowance C. premium D. rebate...