A good is a nonexcludable if
A) its consumption by one person does not reduce its consumption by others.
B) it is impossible to prevent people from obtaining the benefits of the good once it has been produced.
C) no negative externalities are associated with its production and consumption.
D) it is free in the first place; that is, it is so abundant that people can get all they want at zero price.
Correct Answer:
Verified
Q59: An externality is internalized if
A)the person(s) or
Q60: Exhibit 30-2 Q61: The Coase theorem is significant because it Q62: According to information in the textbook, in Q63: A _ good is one that once Q65: Suppose a particular production process results in Q66: The primary difference between private goods and Q67: Which of the following statements is not Q69: The Coase theorem Q118: Asymmetric information exists when
A)implies
A)shows that under certain conditions
A) both parties to
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