The marginal cost of serving an additional user of a public good is zero.
Correct Answer:
Verified
Q35: Government gives subsidies to encourage production of
Q36: Public goods could effectively be provided by
Q37: Private goods are not excludable.
Q38: It is possible to charge a price
Q39: All externalities are detrimental.
Q41: Rent seeking refers to unproductive activity in
Q42: As productivity in the manufacturing sector increases,
Q43: The cost disease of services explains the
Q44: Rent seeking creates incentives for firms to
Q45: Asymmetric information generally leads to efficient resource
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