Question 36(1 point)

If a good is non-rival in consumption:

Question 36 options:

a	the marginal cost of allowing one more unit to be consumed is zero.
b	it is going to be overused.
c	it will suffer from the free rider problem.
d	All of the above

Question 37(1 point)

Markets can supply the efficient quantity of a good only if:

Question 37 options:

a	It's a private or public good
b	It's a private good
c	It's a private good or a common resource
d	It's a private or artificially scarce good

Question 38(1 point)

Which of the following equations is true at the profit maximizing output level for a monopolist ?

Question 38 options:

a	Marginal Cost = Marginal Revenue
b	Price = Marginal Revenue
c	Marginal Cost = Price
d	All of the above

Question 39(1 point)

Payoff Matrix for Jake and Zoe Zoe High Price Low Price High $1,000 per week $1,500 per week Price $1,000 per week $200 per week Jake Low $200 per week $800 per week Price $1,500 per week $800 per week