Multiple Choice
A commodity or service whose consumption by one person does not preclude others from also consuming it is called a
A) private good.
B) public good.
C) Giffen Good.
D) Coase Good.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q20: Explain why the social demand curve for
Q22: Suppose that in the market for paper,demand
Q39: The result that,under certain circumstances,no government action
Q49: In the presence of a negative externality
Q56: When negative externalities from production exist,the deadweight
Q62: The U.S.Federal government limits the ability for
Q95: Firms that are most likely to buy
Q103: In a market with positive externalities,<br>A) the
Q104: The productivity of the employees of a
Q111: The total demand for a public good