The private market will lead to _____ of clean air because _____.
A) too little consumption;it is nonexcludable but rival in consumption
B) too much consumption;it is nonexcludable but rival in consumption
C) production of the socially optimal amount;the marginal cost is zero
D) government provision;it is a public good
Correct Answer:
Verified
Q198: (Scenario: Alexander and Vanessa)Use Scenario: Alexander and
Q199: Encouragement of voluntary contributions to the provision
Q200: Every few months,public radio announces a call
Q201: A common resource is _ in consumption.
A)excludable
Q202: Imposing a Pigouvian tax on a good,establishing
Q203: After many years,a small community builds a
Q205: Common resource goods are similar to:
A)public goods
Q206: If at the quantity determined by private
Q207: An example of a common resource is:
A)coffee
Q208: Assigning property rights helps correct the problems
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