If public goods were marketed like private goods, then
A. Public goods would be efficiently produced.
B. Society would be closer to achieving the optimal mix of output.
C. People would avoid paying for these goods.
D. Market failure would not occur.
Answer: C
Economics
You might also like to view...
If a stock is expected to pay a dividend of $40 for the current year, what is the approximate present value of this stock, given at discount rate of 5% and a dividend growth rate of 3%?
What will be an ideal response?
Economics
If the quantity supplied of science fiction novels decreases by 3% and the price elasticity of supply is 15, what has been the percentage price change?
a. -15% b. -3% c. -5% d. -0.2%
Economics