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QUESTION 13 A competitive market economy is unlikely to provide an efficient quantity of some public goods because: the technology involved in the production of public goods makes it difficult for private firms to produce them even though, once produced, they could be marketed efficiently. Ob.only the government has the vast resources necessary to produce public goods. C. private production of public goods generally results in a large amount of profit, which is difficult for a firm to effectively pay out to shareholders. Od the nature of public goods makes it difficult for producers to withhold them from nonpaying consumers. QUESTION 14 Which of the following is an example of a pure public good? O a. A teddy bear b. An automobile C. A mall d. An army QUESTION 15 If the supply of a good decreased, what would be the effect on the equilibrium price and quantity? a. Price would increase, and quantity would decrease. b. Price would decrease and quantity would increase. c. Price would increase, and quantity would increase. d. Price would decrease, and quantity would decrease. QUESTION 16 Collusive action among producers creates higher prices for consumers because it: a. allows producers to artificially restrict their supply. b. causes overproduction and inefficiency. C. creates negative externalities. d. forces producers to be more competitive.

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Question 13) A competitive market economy is unlikely to provide an efficient quantity of some public goods because the nature of public goods makes it difficult for producers to with hold them from non-paying consumers. So option B is the correct answer.

Question 14) An Army is an example of a pure public goods. This is because the people who don’t pay for the services of army are also getting benefit of the army. So, option D is the correct answer.

Question 15) if the supply of a good decrease, then the equilibrium price would increase, and equilibrium quantity would decrease. So option A is the correct answer.

Question 16) collusive action among producers create higher prices for consumers because it allows producers to artificially restrict their supply. So option A is the correct answer.

Please send rest of the questions separately.