Solved

Which of the Following Is True About Public Goods

Question 122

Multiple Choice

Which of the following is true about public goods?


A) Unregulated private markets produce less than the efficient quantity of a public good
B) Efficient provision occurs at the level of output at which total benefit is equal to total cost
C) Consumption is rival and nonexcludable
D) Consumption is nonrival and excludable

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q117: Education at a private university is NOT

Q118: A political equilibrium can never be reached

Q119: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -Tom and Jerry

Q120: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the above

Q121: If the consumption of a good or

Q123: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -Vaccinations provide both

Q124: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The table above

Q125: Which of the following is the BEST

Q126: The principle of minimum differentiation reflects the<br>A)

Q127: An externality occurs when<br>A) some of the