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When Goods Are Rival in Consumption and Excludable,perfectly Competitive Markets

Question 36

Multiple Choice

When goods are rival in consumption and excludable,perfectly competitive markets:


A) will consistently produce more than the efficient quantity of the good.
B) will produce an efficient quantity of the good.
C) will consistently produce less than the efficient quantity of the good.
D) will find that consumers are unwilling to purchase the good.

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