Which of the following goods is NOT subject to the free-rider problem?
A) national defense
B) the local police force
C) public fireworks
D) a public transit system
D
Economics
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A monopolist faces a demand curve given by P = 60 -2Q and has total costs given by TC = Q2. Its marginal revenue is MR = 60 - 4Q and its marginal cost is MC = 2Q. What price does the monopolist charge with no trade?
a. $5 b. $10 c. $15 d. $20
Economics
The __________ policy dealt with the problem of the consequences of identification of weak banks by changing the closure rule
A) forbearance B) setting of "firewalls" C) prompt corrective action D) risk-based capital ratio
Economics