Multiple Choice
Which of the following statements is true?
A) If a good is nonrivalrous in consumption then it is nonexcludable, too.
B) A good can be rivalrous in consumption and nonexcludable, too.
C) An apple is nonrivalrous in consumption.
D) Many economists maintain that the market fails to produce nonexcludable private goods.
Correct Answer:
Verified
Correct Answer:
Verified
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