Government can overcome the free rider problem by collecting taxes and using the funds to provide individuals with nonexcludable public goods that they want to buy but the market cannot provide

The market demand curve in a perfectly competitive market is ________ and the demand curve for a perfectly competitive firm's output is ________

A) downward sloping; downward sloping B) downward sloping; horizontal C) horizontal; downward sloping D) horizontal; horizontal E) downward sloping; upward sloping

An income tax for which the average tax rate is constant called a

A) regressive income tax. B) proportional income tax. C) marginal income tax. D) progressive income tax.