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Question 33 (1.25 points) The National Hockey League decides to put a new franchise in Hamilton which is close to existing teams in Buffalo and
Question 33 (1.25 points) The National Hockey League decides to put a new franchise in Hamilton which is close to existing teams in Buffalo and Toronto. Which of the following best describes the impact of this decision? product-variety externality, which benefits consumers product-variety externality, which harms consumers O business-stealing externality, which benefits consumers () business-stealing externality, which harms consumersQuestion 34 (1.25 points] A firm in a competitive market receives $400 in total revenue, it has a marginal revenue of $10. What is its average revenue, and how manv units is it selling? 0 $10 and 40 units 0 $20 and 20 units 0 $40 and 10 units 0 $5 and 80 units
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