A nonexcludable good _____

a. is by definition also a collective consumption good
b. usually suffers from the free rider problem
c. will always lead to overproduction
d. is frequently illegal

b

Economics

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When real GDP falls for two consecutive quarters the economy is in a

A) peak. B) trough. C) recession. D) depression.

Economics

What are the information costs faced by savers?

What will be an ideal response?

Economics