Multiple Choice
Which of the following is TRUE about public goods?
A) Consumption is rival and nonexcludable.
B) Consumption is nonrival and excludable.
C) Efficient provision occurs at the level of output at which total benefit is equal to total cost.
D) Unregulated private markets produce less than the efficient quantity of a public good.
Correct Answer:
Verified
Correct Answer:
Verified
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