Multiple Choice
Classifying a good as rival means
A) that the good is produced in a competitive market.
B) that there is a shortage of the good.
C) that when one person consumes a unit of the good no one else can consume it.
D) anyone who does not pay for the good cannot consume it.
Correct Answer:

Verified
Correct Answer:
Verified
Q130: A free market fails when<br>A)there is government
Q131: A market demand curve reflects the<br>A)marginal private
Q132: Which of the following describes how a
Q133: Figure 5-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 5-2
Q134: A negative externality exists if<br>A)there are price
Q136: When the government imposes a tax equal
Q137: A tragedy of the commons occurs when
Q138: A product is considered to be nonexcludable
Q139: Consider the following methods of pollution reduction:<br>A.the
Q140: Figure 5-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 5-4