Which of the following is TRUE about public goods?
A) Consumption is rival and nonexcludable.
B) Consumption is nonrival and excludable.
C) Efficient provision occurs at the level of output at which total benefit is equal to total cost.
D) Unregulated private markets produce less than the efficient quantity of a public good.
D
Economics
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If we produce one more bottle of water:
a) we incur a marginal cost. b) the marginal social benefit from bottled water increases. c) the price must rise. d) we must move away from equilibrium e) we act efficiently.
Economics
If firm-level asymmetric information becomes more severe, then
A) investment demand increases. B) investment demand decreases. C) investment demand does not change. D) it is impossible to tell.
Economics