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The Table Below Shows the Payoff (Profit) Matrix of Firm

question 21

Multiple Choice

The table below shows the payoff (profit) matrix of Firm A and Firm B indicating the profit outcome that corresponds to each firm's pricing strategy (where $500 and $200 are the pricing strategies of two firms) .Table 12.2
The table below shows the payoff (profit) matrix of Firm A and Firm B indicating the profit outcome that corresponds to each firm's pricing strategy (where $500 and $200 are the pricing strategies of two firms) .Table 12.2 -When the benefits of an activity are received by those who are not directly involved in it, _____. A) a negative externality exists B) the government is producing a free good C) resources are being used in their highest-valued activity D) the government has to compensate for the loss in social welfare E) a positive externality exists
-When the benefits of an activity are received by those who are not directly involved in it, _____.

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