A private good is unique because:
A) Nonpayers can be prevented from consuming it.
B) It can be enjoyed exclusively by free riders.
C) The market is likely to produce too little of it.
D) It is provided most efficiently by government.
Correct Answer:
Verified
Q2: In a market economy,producers will produce the
Q3: A public good is a good that:
A)
Q4: If market prices and sales are used
Q5: A private good is a good that:
A)
Q6: In economics,a public good:
A) Is any good
Q8: Which of the following is most likely
Q9: Market failure establishes a basis for:
A) Market
Q10: The optimal mix of output is:
A) the
Q11: Which of the following is not an
Q12: Market failure means that the economy is
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