An example of a private good is
A) a lighthouse.
B) an ice cream cone.
C) an express toll route.
D) national defence.
Correct Answer:
Verified
Q13: The MRT is
A)the minimal rate of time.
B)the
Q14: Public goods can be
A)subject to free rider
Q15: A pure public good can become an
Q16: National defence is an example of a
Q17: Choosing between public or private provision of
Q20: A private good is
A)rival and excludable in
Q22: Equilibrium for public goods is characterized by
A)MC
Q23: Impure public goods
A)are the same as pure
Q28: Suppose that there are only two fishermen,Zach
Q34: Private goods are always provided by the
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