Multiple Choice
A nonexcludable good is necessarily:
A) one which will always be consumed by a utility- maximizing individual.
B) a pure public good.
C) one which will never be produced by a profit- maximizing firm.
D) a rivalrous good.
Correct Answer:
Verified
Correct Answer:
Verified
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
Q76: Transactions costs are costs that violate:<br>A)the rules
Q77: Suppose 10 people live on a street
Q78: When an individual has the economic property
Q79: When a positive externality is present:<br>A)resources are
Q80: Coase theorem:<br>A)invalidates all the results from neoclassical