Public goods are characterised by being non- rival in consumption, therefore:
A) they are illegal
B) they are very expensive, thus the private sector cannot provide them
C) the private sector may not provide them because they cannot exclude those who do not pay
D) the government cannot produce them
Correct Answer:
Verified
Q18: The deadweight loss associated with monopoly compared
Q19: Externalities are a problem only if:
A) decision
Q20: A situation where all individual markets are
Q21: Your next- door neighbour has a beautiful
Q22: If non- payers cannot be excluded from
Q24: An external cost of production will occur
Q25: If an external cost arises in the
Q26: Environmentally harmful effects often tend to be
Q27: Social efficiency occurs when:
A) unemployment is low
Q28: From the list below, the best example
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