Public goods
A) are products supplied by the government.
B) are consumed by everyone when one person consumes them.
C) are efficiently produced by profit-seeking firms.
D) are freely traded on a market.
Correct Answer:
Verified
Q11: When a positive externality is present
A)the market
Q12: Externalities occur when there is a lack
Q13: If there are no externalities present in
Q14: A negative externality occurs when
A)there is rent-seeking.
B)benefits
Q15: If the market is unable to allocate
Q17: Chickens are not endangered because
A)there are clear
Q18: In the consumption of public goods
A)consumers can
Q19: Internalizing the externalities means that
A)all costs have
Q20: Corruption
A)can create certainty
B)is only a problem found
Q21: Negative externalities lead to over supply in
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