The consumption of a club good like cable television:
a. is nonexcludable and nonrivalrous.
b. is excludable and rivalrous
c. is excludable and nonrivalrous.
d. is nonexcludable and rivalrous.
e. gives rise to the free rider problem.
c
Economics
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The sale of Treasury securities by the Federal Reserve will, in general,
A) decrease the quantity of reserves held by banks. B) not change the money supply. C) not change the quantity of reserves held by banks. D) increase the quantity of reserves held by banks.
Economics
A perfect price discriminator receives a price equal to marginal revenue for each unit
What will be an ideal response?
Economics