Once produced, Nonexcludable goods are _____
a. difficult to keep employees from stealing
b. difficult to keep people from consuming without paying for them
c. difficult to keep people from consuming at any price
d. available to anyone if they want to pay for it
b
Economics
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The opportunity cost to the firm of producing one more unit of output is also called marginal cost
Indicate whether the statement is true or false
Economics
Referring to Situation #1 suppose that you decide that you have to fire the first and the third executive without hiring any replacements
What would be the opportunity cost of the second executive's work? Explain why your answer is not the same as in the question above.
Economics