A collective consumption good may be inefficiently produced by the private sector because _____.
A) it is inefficient to raise price above marginal cost
B) of free riding problems
C) fixed costs are too high
D) private producers are greedy
Correct Answer:
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Q15: Which of the following collective consumption goods
Q16: once produced,Nonexcludable goods are _.
A)difficult to keep
Q17: One benefit to private sector production of
Q18: Which of the following statements about the
Q19: A public highway looks like a collective
Q21: A pure private good is _ and
Q22: It is inefficient to charge a positive
Q23: Which of the following is not a
Q24: Goods that are either collective consumption goods
Q25: For an impure consumption good the maximum
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