Multiple Choice
Which of the following statements is true?
A) A good that is nonrival in consumption must necessarily be characterized by nonexclusion.
B) A good characterized by nonexclusion is always a natural resource and cannot be produced.
C) A good that is nonrival in consumption will neither be produced by private firms nor will it be provided by the government.
D) A good that is nonrival in consumption and has high exclusion costs,will not be produced by private firms.
Correct Answer:
Verified
Correct Answer:
Verified
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