When those that do not contribute to the costs of a public good are denied use, this is a case of
A. exclusion.
B. being nonrival.
C. price discrimination.
D. infeasibility.
A. exclusion.
Economics
You might also like to view...
People know that the inflation rate will increase from 3 percent to 5 percent. As a result
A) the nominal interest rate falls by 2 percentage points. B) the nominal interest rate is constant. C) the nominal interest rate rises by 2 percentage points. D) the real interest rate rises by 2 percentage points.
Economics
when relationship-specific exchange occurs in simple, contractual environments, the best way to purchase input is not thorough
What will be an ideal response?
Economics