A public good is ________ and ________.
A) rival; excludable
B) rival; nonexcludable
C) nonrival; excludable
D) nonrival; nonexcludable
E) cheap; available
Correct Answer:
Verified
Q17: An office in the Empire State Building
Q18: One important feature that distinguishes a private
Q19: A good is a private good if
A)
Q20: A private good is
A) nonexcludable and nonrival.
B)
Q21: If no one can be excluded from
Q23: The free-rider problem exists because
A) private goods
Q24: A public good
A) only yields benefits to
Q25: When use of a good decreases the
Q26: A public good is
A) rival and excludable.
B)
Q27: If a good or resource is rival,it
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