Answered step by step
Verified Expert Solution
Question
1 Approved Answer
AP Microeconomics Please help me with the questions I got wrong S=MSC=MPC (06.02 MC) Price ($) Which of the following prevents private market negotiations from
AP Microeconomics
Please help me with the questions I got wrong
S=MSC=MPC (06.02 MC) Price ($) Which of the following prevents private market negotiations from adequately addressing an externality? Perfect competition Allocation efficiency P, High transaction costs Perfectly symmetric information Clearly defined property rights - wrong MSB ooo Screen Shot 20... Q > > Q D=MPB Quantity Q2 (06.03 MC) The graph above shows a externality with the socially optimal quantity Which of the following scenarios best exemplifies a non-excludable and non-rivalrous being produced good? Positive; more than -wrong An uncongested river in a state where people can fish - worng Positive; less than A wireless internet service with password protection Negative; more than A tornado warning siren Negative; less than An online newspaper requiring a subscription A pair of shoes made by a popular name brand Negative; an indeterminate level of ooo Screen Shot 2024... Q > > Q (06.04 MC) (06.04 MC) A per-unit tax on a good with relatively inelastic supply will result in Which of the following is an effective government response to a natural monopoly's tendency to produce less output at a higher cost than the socially optimal quantity? more deadweight loss than if demand were elastic a higher tax burden on consumers than on producers - wrong A per-unit subsidy less tax revenue than if demand were elastic A patent a lower tax burden on consumers than on producers A lump-sum subsidy and price ceiling a tax burden that is equally distributed between consumers and producers Antitrust legislation - wrong A per-unit tax(06.04 MC) Use the graph to answer the question that follows. Price ($) v 2 360 540 Quantity What is the value of the producer burden of the tax in this market? - $90 - $180 - $360 - $540 - $720 - wrongStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started