Free products, Select the right answer of the question .Free products offered by firms

Free products

Select the right answer of the question .Free products offered by firms :1) may or may not be free to society, but are never free to individuals. 2) may or may not be free to individuals, but are never free to society. 3) are poduced and distributed at no cost to society. 4) usually are items nobody wants.

View Complete Question

Related Questions in Microeconomics

Q : Unite to form cartels and share

Oligopolies which unite to form cartels and share monopoly profits give an illustration of: (i) collusive behavior. (ii) territorial imperatives. (iii) mergers and acquisitions. (iv) non-collusive strategy. (v) corporate raiding.

Q : Distribution of Wealth Wealth is

Wealth is distributed within the United States such as the lowest quintile [20 percent] owns: (w) about 7% of all wealth; where the highest quintile owns 60%. (x) about 5% of all wealth; where the highest quintile has 40%. (y) less than 3% of all wealth; where the ric

Q : Problem on siyazama production

The table below contains information about the production possibilities frontier ( PPF or PPC) of siyazama agricultural cooperative.

Q : Define linear consumption function

Linear consumption function: It is a consumption function that is given on the basis of steady marginal propensity to consume. C = c + bY Here c = aut

Q : Determine equilibrium by Price Ceilings

Between the predictable results while government sets a maximum price below equilibrium are: (1) shortages. (2) queues. (3) black markets and corruption. (4) economic inefficiency. (5) All of the above.

Q : Market Supplies of Labor I have a

I have a problem in economics on Market Supplies of Labor. Please help me in the following question. In long run, the labor supply curve facing the major industry: (i) Will always be positively associated to the wage rate. (ii) Will slope upward if and only if individ

Q : Effects of price hike in Substitution

Price hikes for the new cars are probable to cause the demand for employed cars to (1) Shift to the right. (2) Pivot vertically. (3) Shift to the left. (4) Become more horizontal. Can someone please help me in finding out the accur

Q : Demands for consumer for resources

Since demands for resources eventually depend upon consumers’ demands for goods, in that case the demand for labor is: (w) termed as a derived demand. (x) a perfectly elastic demand curve. (y) a perfectly inelastic demand. (z) a horizontal line.

Q : Increasing-cost industries average

Within increasing-cost industries average there are: (w) production costs fall as output increases. (x) production costs rise as the number of firms in the industry grows. (y) production costs rise when the number of firms into the industry falls. (z)

Q : Changes in total revenue by price falls

When the price falls along such demand curve for pizza, in that case total revenue: (w) falls. (x) rises, then falls. (y) rises. (z) does not change.

Discover Q & A

Leading Solution Library

Avail More Than 1414021 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1930941
Asked

3,689

Active Tutors

1414021

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment