In the case of nonexcludable goods,economists contend that the market ___________ produce these goods because of the ________________________.
A) will; free rider problem
B) will not; law of diminishing marginal utility
C) will not; law of diminishing marginal returns
D) will not; free rider problem.
Correct Answer:
Verified
Q1: Most economists believe that the market _
Q2: Suppose that for Jim the marginal benefit
Q4: Which of the following statements is false?
A)
Q5: When a positive externality exists,_ and thus
Q6: A positive externality exists and government wants
Q7: Which of the following statements is false?
A)
Q8: In the case of a negative externality,in
Q9: In the case of a negative externality,the
Q10: Which of the following statements is false?
A)
Q11: When a good is nonexcludable,then individuals
A) will
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