Nonexcludability describes a condition where
A) one person's consumption of a good does not prevent consumption of the good by others.
B) there is no effective way to keep people from using a good once it comes into being.
C) sellers can withhold the benefits of a good from those unwilling to pay for it.
D) there is no potential for free-riding behavior.
Correct Answer:
Verified
Q10: A public good
A) can be profitably produced
Q11: Esteban, Mariko, and Greta are the only
Q12: Because of the free-rider problem,
A) the market
Q13: If many people in a community get
Q14: People enjoy outdoor holiday lighting displays and
Q16: Which of the following statements is not
Q17: Public goods are those for which there
A)
Q18: If one person's consumption of a good
Q19: Toll-free roads sometimes get congested, such as
Q20: A demand curve for a public good
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