"Excludability" means that:
A) sellers can restrict the benefits of a good to those who pay for it.
B) buyers can restrict other buyers from making purchases in that market.
C) when one person buys a good,it is not available for others to buy.
D) government can prevent consumers from buying the good.
Correct Answer:
Verified
Q2: Market failures occur when:
A) the government sets
Q3: Suppose that people want bike paths through
Q4: From the economist's perspective,"market failures" basically arise
Q6: "Rivalry" in consumption means that:
A) there are
Q7: Which of the following statements is true?
A)
Q8: Which of the following is the best
Q9: An organization that provides a public good
Q10: If an economy is being "allocatively efficient,"
Q11: For which of the following goods would
Q255: If an economy is being "productively efficient,"
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