The efficient price for a good that is nonrival in consumption is necessarily greater than zero.True
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Q179: Figure: Market Failure Q180: Figure: Market Failure Q181: Goods are said to be "rival in Q182: For a public good, the marginal social Q182: A movie DVD is a private good, Q183: Since individuals ignore the effect their use Q185: Any road without a toll can be Q187: When a good is nonrival in consumption, Q188: For a public good, the marginal social Q189: In a market economy, goods that are
(Figure: Market Failure) Look at
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