--%>

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.

   Related Questions in Microeconomics

  • Q : Transfer payments in Market Transfer

    Transfer payments into the U.S.: (w) have little effect on income distribution. (x) are mainly received by wealthy families. (y) tend to reduce poverty. (z) eliminate the cause of poverty. Please choose the right a

  • Q : Transaction costs by pure economic rents

    When transaction costs exist, in that case taxes on what appear to be pure economic rents to: (1) pose especially severe problems for economic efficiency. (2) may be inefficient since taxes reduce incentives to put resources to their

  • Q : Consequences of the price floor

    Consequences of the price floor: The consequences of price floor might be: (A) Surplus of the commodity (B) The government might resort to buffer stocks to absorb the excess in the market at the support price and sells the products to consumers beneat

  • Q : Commercial introduction of production

    Innovation: (w) entails financial investment to create human capital. (x) comprises the commercial introduction of a new product or production process. (y) can reasonably describe only normal accounting profit. (z) was used by John Maynard Keynes to d

  • Q : Example of acquisitions of merger The

    The Overpriced Petroleum Extraction Company (or OPEC) has just declared its acquisition of some small firms with facilities which will permit OPEC to process oil via the whole refining procedure, from oil field recovery via transporting and then trading the refined pe

  • Q : Raise Interest Rates with Investment

    Interest rates will rise when: (1) the supply of loanable funds grows. (2) the average maturities of corporate bonds issued decreases. (3) most households decide to decrease the liquidity of their portfolios of assets. (4) households increasingly defe

  • Q : Maximizes profit to ignore variable

    Monsieur Cournot has a monopoly on an artesian well from that flows tasty spring water along with medicinal properties. To ignore variable costs, he is adamants that customers bring their own pails and fill them individually. Unluckil

  • Q : Price hike problem of durable good I

    I have a problem in economics on Price hike problem of durable goods. Please help me in the following question. The expectations of price hikes for durable goods tend to: (i) Raise current production, however only for later sale. (ii) Cause firms to r

  • Q : Define abnormal profit Abnormal profit:

    Abnormal profit: It is the gain earned over and above the normal profit.

  • Q : Diseconomies of Scale Diseconomies of

    Diseconomies of Scale: The diseconomies are the drawbacks occurring to a firm or a group of firms due to big scale production.Internal Diseco