3%

Volkswagen 3%

TABLE 11.6 Global

Auto Manufacturers

with additional U.S.

Market Share, June

2013 (Source:

http://www.zacks.com/

commentary/27690/

auto-industry-stock-

outlook-june-2013)

Access for free at openstax.org
11 • Problems 279

Use Table 11.4 to answer the following questions.

37. If the transit system were allowed to operate as an unregulated monopoly, what output would it supply and

what price would it charge?

38. If the transit system were regulated to operate with no subsidy (i.e., at zero economic profit), what

approximate output would it supply and what approximate price would it charge?

39. If the transit system were regulated to provide the most allocatively efficient quantity of output, what

output would it supply and what price would it charge? What subsidy would be necessary to ensure this

efficient provision of transit services?
280 11 • Problems

Access for free at openstax.org
Environmental Protection and
Negative Externalities

12
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