Solved

Common Resource Goods Are Similar To

Question 23

Multiple Choice

Common resource goods are similar to:


A) public goods because they are both nonexcludable and nonrival in consumption.
B) goods with negative externalities because not all users take into account the external costs imposed on society.
C) private goods because they are both excludable and rival.
D) artificially scarce goods because they are both excludable and nonrival in consumption.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions