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    Microeconomics Study Set 40
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    Exam 17: Public Goods and Common Resources
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    For a Nonexcludable Good Like National Defense, the Private Market
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For a Nonexcludable Good Like National Defense, the Private Market

Question 45

Question 45

Multiple Choice

For a nonexcludable good like national defense, the private market will lead to:


A) too much production of the good.
B) too much consumption of the good.
C) too little production of the good.
D) too little consumption of the good.

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