Club goods differ from pure private goods in that
A) club goods are nonexcludable while pure private goods are excludable.
B) club goods are excludable while pure private goods are nonexcludable.
C) club goods are nonrival while pure private goods are rival.
D) club goods are nonexcludable while pure private goods are excludable.
C
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Which of the following assertions is false?
A) The Great Depression was a typical business cycle. B) Very rapid growth occurred during World War II. C) Real GDP per capita dipped about 30% during the Great Depression. D) On average, the U.S. economy grows at a rate of 2.1%.
To protect the environment, governments in the United States have mainly used
a. legally enforceable direct controls on pollution. b. taxes on goods whose production creates pollution. c. direct taxes on emissions. d. discretionary guidelines suggested to polluting firms.