If a good has a marginal cost of production of zero and an inefficiently low level of consumption,the good must be a(n) :
A) private good.
B) public good.
C) common resource.
D) artificially scarce good.
Correct Answer:
Verified
Q24: The BEST example of an artificially scarce
Q25: If the market produces an efficient level
Q26: Which example is considered a private good?
A)traffic
Q27: National defense and clean air are similar
Q28: The BEST example of a public good
Q30: An electronic book is an artificially scarce
Q31: Public goods differ from common resources in
Q32: Stephanie stops at a gas station to
Q33: Although most citizens have access to police
Q34: Fish in a public lake are common
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