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    Microeconomics Study Set 51
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    Exam 17: Market Failure: Externalities, Public Goods, and Asymmetric Information
  5. Question
    A Nonexcludable Public Good Is Characterized by Nonrivalry in
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A Nonexcludable Public Good Is Characterized by Nonrivalry in

Question 2

Question 2

Multiple Choice

A nonexcludable public good is characterized by nonrivalry in


A) production and nonexcludability.
B) consumption and rivalry in production.
C) consumption and excludability.
D) consumption and nonexcludability.

Correct Answer:

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