If a good is a public good,
A) anyone can be excluded from enjoying its benefits.
B) no one can be excluded from enjoying its benefits.
C) consumers must pay a high price to enjoy its benefits.
D) consumers pay a low price.
E) economies of scale exist over the entire range of output for which there is a demand.
Correct Answer:
Verified
Q2: An example of a public good is
A)national
Q4: Which one of the following goods is
Q6: A good that is nonrival and excludable
Q6: Which one of the following goods exhibits
Q7: When a good is nonrival and nonexcludable,it
Q8: Private goods are
A)nonrival and excludable.
B)nonrival and nonexcludable.
C)always
Q8: A natural monopoly is
A)nonrival.
B)excludable.
C)rival.
D)nonexcludable.
E)both A and B.
Q9: When a good is rival and excludable,it
Q12: Suppose Bryan Adams wants to perform a
Q13: An example of common resource is
A)fish in
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