The price charged for access to an uncongested,excludable non- rivalrous good should be _ because _ .
A) positive; more than one person can consume this good at the same time
B) positive; marginal cost and marginal benefit for this good are both positive
C) zero; the marginal benefit of the last unit consumed is zero
D) zero; it is inefficient to exclude people from consuming this good once it has been supplied
E) positive; consumers receive a positive marginal benefit from consuming the good
Correct Answer:
Verified
Q98: Which of the following roles of the
Q99: In a free- market economy that is
Q100: Consider an ordinary rivalrous good,provided in a
Q101: Adverse selection is said to exist when
Q102: The fact that it is difficult to
Q104: Governments usually provide a system of unemployment
Q105: If a homeowner uses wood to heat
Q106: Economists generally agree that government intervention in
Q107: One part of the "informal defence" of
Q108: Consider a remote village with a limited,freely
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents