If Wikipedia were provided in a competitive market, and the contributors of Wikipedia were only in it for profit, then based on the facts in the previous question we would expect that the number of Wikipedia pages provided would be.. a) Lower than the efficient level b) Higher than the efficient level c) The efficient level d) No way to tell

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter18: Asymmetric Information
Section: Chapter Questions
Problem 18.3P
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If Wikipedia were provided in a
competitive market, and the contributors
of Wikipedia were only in it for profit,
then based on the facts in the previous
question we would expect that the
number of Wikipedia pages provided
would be..
a) Lower than the efficient level
b) Higher than the efficient level
c) The efficient level
d) No way to tell
Transcribed Image Text:If Wikipedia were provided in a competitive market, and the contributors of Wikipedia were only in it for profit, then based on the facts in the previous question we would expect that the number of Wikipedia pages provided would be.. a) Lower than the efficient level b) Higher than the efficient level c) The efficient level d) No way to tell
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