What is a private good?
A) A good whose benefits can be denied to non-buyers and whose consumption by one person reduces the amount available to others.
B) A good provided by the government which could be provided by private firms.
C) A good which could not be produced at a profit by the government.
D) A good which could be provided by the government but only at a loss.
Correct Answer:
Verified
Q22: Which of the following products are non-excludable?
A)Education
Q23: Q24: Which of the following is true concerning Q25: If the government imposes a tax on Q26: What does the term non-rival mean? Q28: Which of the following terms refers to Q29: Which of the following terms refers to Q30: Which of the following statements is true Q31: What does the term non-excludable mean? Q32: Military defense is a:
A)It refers
A)It means
A)Rival good
B)Excludable good
C)Quasi-public good
D)Public
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