A pure private good is
A) nonrival in consumption and subject to exclusion.
B) rival in consumption and subject to exclusion.
C) rival in consumption and not subject to exclusion.
D) all of the above.
Correct Answer:
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Q12: Q13: Market mechanisms are unlikely to provide Q15: A private good is Q16: Congestible public goods Q18: School vouchers are Q19: Vertical summation of demand curves yield results Q20: Commodity egalitarianism refers to commodities that Q20: Public goods are characterized by Q21: Increasing the quantity of a pure public Q22: Private goods are always provided by the
A)prices.
B)nonrival goods
A) nonrival in consumption.
B)
A)are nonrival in consumption.
B)cannot be
A)provided by the government.
B)provided by
A) are
A)nonrivalness.
B)excludability.
C)the sum of
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