In the Market for DVDs, 500,000 DVDs a Month Are

question 337

Multiple Choice

In the market for DVDs, 500,000 DVDs a month are available. The value people place on the 500,000th DVD a month is less than the marginal social cost of producing it. Resource use

• A) is efficient.
• B) is inefficient.
• C) would be more efficient if people firms would produce more DVDs.
• D) would be more efficient if people would buy more DVDs.

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Definitions:

Kinship Terminology

The words and phrases used in a language to describe specific relationships within a family structure or kinship system.

Hawaiian Terminology

The unique set of words and expressions used in the Hawaiian language, reflecting the culture and lifestyle of Hawaii.

Mother's Sister's Son

A male first cousin, specifically the son of one's maternal aunt.