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Which of the Following Statements Is (Are) TRUE

Question 54

Multiple Choice

Which of the following statements is (are) TRUE?
I. Public goods tend to be underprovided.
II. One person's consumption of a public good diminishes its use to another person.
III. The marginal cost of providing a public good to another consumer is infinite.


A) I and III
B) II and III
C) I
D) I, II, and III

Correct Answer:

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