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    Principles of Microeconomics Study Set 10
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    Exam 11: Public Goods and Common Resources
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    When Something of Value Has No Price Attached to It
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When Something of Value Has No Price Attached to It

Question 376

Question 376

Multiple Choice

When something of value has no price attached to it,


A) externalities will be present.
B) production of the product has no cost.
C) government should not intervene to produce the product.
D) private companies will eventually produce the product, and the good will no longer be free.

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