Education
A) is a public good.
B) provides a positive externality.
C) causes a free-rider problem.
D) exhibits nonrivalry in consumption.
E) exhibits nonexcludability in consumption.
Correct Answer:
Verified
Q56: Exhibit 15-2 Q57: A situation in which the costs of Q58: What is involved in a cost-benefit analysis Q59: When a negative externality occurs, Q60: Costs to society will equal costs to Q62: Suppose that the production of a good Q63: Which of the following is least likely Q64: The private market is said to underproduce Q65: Marginal external benefit equals Q66: A positive externality occurs when the marginal
A)social costs are
A)marginal social benefit plus
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