Which of the following statements is correct?
a. Environmental degradation is an example of a free rider problem..
b. The division between public goods and common resources is clear-cut.
c. Some goods, such as lighthouses, may be either private or public goods.
d. The free-rider problem prevents governments from supplying public goods.
c
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Because of _______________, rental prices for physically similar space can vary widely across locations, & across property types.
Fill in the blank(s) with the appropriate word(s).
The above figure shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for cod, a common resource. The market equilibrium with no government intervention is ________
A) 0 tons per week B) 400 tons per week C) 300 tons per week D) None of the above answers is correct.