From the list below, the best example of a good that is non- excludable but is rival in consumption would be:
A) transmission of television programs
B) national defence
C) fishing waters
D) street lighting
Correct Answer:
Verified
Q23: Public goods are characterised by being non-
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
Q29: Producer surplus:
A) is equal to total cost
Q30: Bill sells Mary a worthless coin that
Q31: Because public goods are characterised by being
Q32: Assume that price underestimates the value that
Q33: Which of the following is NOT an
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