In General,if a Good or Service Has Zero Marginal Cost

question 19

Multiple Choice

In general,if a good or service has zero marginal cost but has a positive price,the social outcome

• A) maximizes total economic surplus.
• B) is uncertain;it may or may not maximize total economic surplus.
• C) is that too much will be consumed.
• D) does not maximize total economics surplus.
• E) is that too much will be provided.

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Definitions:

Successful Relationship

A connection between individuals or entities characterized by mutual benefit, satisfaction, and achievement of shared goals.

Third Party Intervention

The involvement of an external party in a dispute to facilitate a resolution, often through mediation or arbitration.

ADR Effective

Refers to the efficacy of Alternative Dispute Resolution methods in resolving conflicts outside of the traditional legal systems.

Alternative to Litigation

Methods or processes used to resolve disputes without resorting to judicial proceedings.