Multiple Choice
Which of the following is true?
A) If a good is nonrivalrous in consumption then it is nonexcludable, too.
B) A good can be rivalrous in consumption but not nonexcludable, too.
C) An apple is nonrivalrous in consumption.
D) Many economists maintain that the market fails to produce nonexcludable private goods.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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