The expenses a company must pay before it can begin to produce and sell goods:
a. start-up costs
b. merger
c. patent
d. monopoly
e. deregulation
Ans: a. start-up costs
Economics
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What will be an ideal response?
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If a good is nonexcludable,
a. the providing it is Pareto optimal b. people have an incentive to become free riders on that good c. then it is probably also nonrival d. then it is a pure public good e. then it is a pure private good
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