AP Microeconomics › Government Policies
Which of the following is true of public goods?
Which of the following is true of public goods?
To establish a socially optimal price for a natural monopoly, the government should select the price level at which ________________.
To establish a socially optimal price for a natural monopoly, the government should select the price level at which ________________.
Which government policy is typically used to correct a negative externality?
Which government policy is typically used to correct a negative externality?
For years a factory has been producing waste that it dumps into a nearby river. This waste negatively affects fishermen nearby. What government policy is most likely to get the factory to produce at the socially optimum level?
For years a factory has been producing waste that it dumps into a nearby river. This waste negatively affects fishermen nearby. What government policy is most likely to get the factory to produce at the socially optimum level?
For years, producers in a perfectly competitive industry have been pumping waste into the air without penalty. If the government takes action to shift production to a more socially optimal level, what is the likely effect on equilibrium price and quantity in the market?
For years, producers in a perfectly competitive industry have been pumping waste into the air without penalty. If the government takes action to shift production to a more socially optimal level, what is the likely effect on equilibrium price and quantity in the market?