Multiple Choice
The two main characteristics of a public good are
A) production at constant marginal cost and rising demand.
B) nonexcludability and production at rising marginal cost.
C) nonrivalry and nonexcludability.
D) nonrivalry and large negative externalities.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q171: Majority voting on whether or not a
Q172: Majority voting produces efficient outcomes because it
Q173: When producers do not produce the efficient
Q174: Assume that Matt, Joe, and Teresa are
Q175: Why is there a free-rider problem with
Q177: When congressional representatives vote on an appropriations
Q178: The term government failure refers to the<br>A)
Q179: Based on our study of market failure
Q180: The paradox of voting is that under
Q181: If choice A wins over choice B