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What do externalities, oligopolies, and product market surpluses have in common? A.Inefficiency or market failure B.Normal or zero economic profits C.Supernormal profits D.Negative profits E.Collusion

What do externalities, oligopolies, and product market surpluses have in common?

A.Inefficiency or market failure

B.Normal or zero economic profits

C.Supernormal profits

D.Negative profits

E.Collusion

MSC MPC P Price ($) P. MSB = MPB Q Q QuantityMSC MPC Price ($) 5 4 MSB = MPB 100 120 Quantity

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