Access to the movie "Casablanca," showing in a half-empty theater, is
A) a public good because individuals watch movies together.
B) a public good only if the theater is run by the government.
C) not a public good because it is a rival good.
D) not a public good because it is an exclusive good.
E) not a public good because it is both a rival good and an exclusive good.
D
Economics
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A copyright is a source of:
A) legal market power. B) natural market power. C) regulated market power. D) competitive market power.
Economics
The demand for factor is driven by the demand for goods and services produced by that factor of production. This phenomenon is referred to as
A) elastic demand. B) joint demand. C) inverse demand. D) derived demand.
Economics