Multiple Choice
A nonexcludable good is:
A) an essential good.
B) one whose opportunity cost of production is zero.
C) one which any individual can consume.
D) a public good.
Correct Answer:
Verified
Correct Answer:
Verified
Q64: Possible solutions to the misallocations created by
Q65: In the market for a public good,
Q66: Whereas negative externalities cause inefficiency, positive externalities
Q67: Better defined property rights are always preferred
Q68: Positive externalities are created when:<br>A)farmers spray pesticide
Q70: According to Coase, the allocation of resources
Q71: Private provision of goods can be efficient
Q72: Transaction costs:<br>A)are information costs, but information costs
Q73: An externality is said to exist when:<br>A)the
Q74: Nonprofit firms:<br>A)have no residual claimants.<br>B)cannot be analyzed