The noise inflicted on bystanders by users of chain saws,lawn mowers,and motorcycles is an example of
A) a positive externality
B) a public good
C) nonexcludability
D) marginal private benefit exceeding marginal social benefit
E) marginal social cost and the free-rider problem
Correct Answer:
Verified
Q45: Suppose that Pat has the legal right
Q46: One way that natural monopolies are typically
Q47: A market failure in the form of
Q48: An externality is defined as
A)the revenue generated
Q49: Using average cost pricing,regulators of a natural
Q51: If consumption of a good by one
Q52: If an externality is created by a
Q53: A natural monopoly
A)typically arises because of a
Q54: One reason why it is difficult to
Q55: When regulating a natural monopoly,government officials
A)can set
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