In the Figure Above,a Private Market Will Most Likely Produce

question 85

Multiple Choice

In the figure above,a private market will most likely produce

• A) no satellites because of the free-rider problem.
• B) 200 satellites because at this point marginal benefit equals marginal cost.
• C) less than 200 satellites because over this output range marginal benefit exceeds marginal cost.
• D) more than 200 satellites because over this output range marginal benefit is below marginal cost.
• E) 200 satellites because at this point the market will be in equilibrium.

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