Private goods are characterized by two important attributes. What are they?
A. Marginality and depletability
B. Scalability and desirability
C. Repeatability and reliability
D. Depletability and excludability
Answer: D
You might also like to view...
Assume a perfectly competitive firm is producing a level of output at which MR < MC. What should the firm do to maximize its profits?
A) The firm should do nothing — it wants to maximize the difference between MR and MC in order to maximize its profits. B) The firm should decrease output. C) The firm should increase price. D) The firm should increase output.
In the decades before the Civil War, the South __________________________.
A. opposed the extension of slavery into the territories B. supported the extension of slavery into the territories C. cooperated with the North to establish both free and slavery territories D. None of the choices are true