Multiple Choice
When a good is nonexcludable,
A) it is impossible or very costly to exclude nonpaying customers from receiving the good.
B) individuals will have an incentive to become free riders.
C) it will be difficult for a private firm producing the good to generate revenue sufficient to cover the cost of production.
D) all of the above are true.
Correct Answer:
Verified
Correct Answer:
Verified
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