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A public good:
A) Generally results in substantial negative externalities.
B) Can never be provided by a nongovernmental organization.
C) Costs essentially nothing to produce and thus is provided by the government at a zero price.
D) Can't be provided to one person without making it available to others as well.
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give and explain national income variation
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Society seeks for monopolists to operate at the point where _______ = MC which is the lowest point on the ATC curve (the most efficient). A) D B) ATC C) MR D) AVC
distnguish betweenNational income at market price and National Income at factor cost, explain the importance of the distinction
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