Which of the following is a private good?
A) a ballpoint pen
B) national defence
C) a highway
D) a lighthouse
Correct Answer:
Verified
Q28: The following table presents the demand schedule
Q29: Producer surplus refers to:
A)The total amount producer
Q30: A public good can be best defined
Q31: If the price of a product increases:
A)the
Q32: Which of the following is a characteristic
Q34: If the price of a product increases:
A)the
Q35: Which is a characteristic of a public
Q36: Efficiency loss refers to:
A)the situation where the
Q37: The following table presents the demand schedule
Q38: Which is a characteristic of a public
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