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Which of the following would be the best example of a public good? ( )

A candy bar.
B. A painting by Monet.
C. A beautiful sunset.
D. A crowded beach.

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To achieve the optimal provision of public goods ( )

A. the market should be allowed to find its equilibrium without government intervention.
B. the government must limit the provision of the goods.
C. the government must tax producers of these goods.
D. the government must either provide the goods or subsidize their production.

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If government officials break a natural monopoly up into several smaller firms, then the average costs of production will decrease. ( )

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When its variable costs are less than total revenue, a firm should shut down. ( )

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If there is a way to change a situation so that at least some people gain while no one in the economy loses, the situation is economically inefficient. ( )

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Which of the following would be the best example of a public good? ( )

A candy bar. B. A painting by Monet. C. A beautiful sunset. D. A crowded beach.

To achieve the optimal provision of public goods ( )

If government officials break a natural monopoly up into several smaller firms, then the average costs of production will decrease. ( )

When its variable costs are less than total revenue, a firm should shut down. ( )

If there is a way to change a situation so that at least some people gain while no one in the economy loses, the situation is economically inefficient. ( )

A candy bar.
B. A painting by Monet.
C. A beautiful sunset.
D. A crowded beach.