Which of the following goods is least likely to be provided by the private sector?
a. a good characterized by nonrivalry in consumption from which nonpaying customers can be excluded
b. a good characterized by nonrivalry in consumption from which paying customers cannot be excluded
c. a good characterized by rivalry in consumption from which nonpaying customers can be excluded
d. a good for which the marginal private benefit to an individual exceeds the marginal cost of producing the good
b
Economics
You might also like to view...
Use the above table. The autonomous consumption in this table is
A) $0. B) $20. C) $50. D) $140.
Economics
The above figure shows a housing market with a rent ceiling equal to $1,000. In this figure, after taking account of the resources lost in search, what area is equal to the consumer surplus?
A) area A B) area B C) area C D) area D E) area E
Economics