The efficient price to charge consumers for their use of a public good is
A) equal to the highest individual marginal benefit from consuming a unit of the good.
B) equal to the price that the free market would achieve.
C) equal to the cost of providing the good to one additional consumer.
D) that price that prevents free riding by some consumers.
E) equal to the average per- person cost of providing this good.
Correct Answer:
Verified
Q16: The diagram below shows the supply and
Q17: One part of the "informal defence" of
Q18: The diagram below shows the marginal benefit
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