Public goods arise because of externalities.
Answer the following statement true (T) or false (F)
True
Rationale: Non-rivalry means that one person's consumption can be another person's consumption too -- i.e. one person's consumption gives rise to a positive externality for another.
Economics
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Antitrust laws allow the U.S. government to do all of the following except _____.
(A) Stop firms from selling new products. (B) Watch and regulate industry. (C) Break up existing monopolies. (D) Stop firms from forming monopolies.
Economics
If a competitive firm is in short-run equilibrium, then
A) profits equal zero. B) economic profits will be positive. C) economic profits will be negative. D) All of the above are possible in the short run.
Economics