In the case of nonexcludable goods, economists contend that the market ___________ produce these goods because of the ________________________
A) will; free rider problem
B) will not; law of diminishing marginal utility
C) will not; law of diminishing marginal returns
D) will not; free rider problem.
D
Economics
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A decision or a choice that is made after using optimization analysis:
A) has zero opportunity cost. B) is not necessarily risk free. C) is the same for all individuals. D) cannot be justified using normative analysis.
Economics
A government report that makes working in a particular industry more attractive to workers will most likely ________ the number of workers hired in that industry, and ________ the wage paid to those workers.
A. increase; increase B. increase; decrease C. decrease; increase D. decrease; decrease
Economics