Log in
Economics
5
answers
0
watching
872
views
26 Feb 2018

32. Which of the following statements about public goods is true? (a) The production of public goods is subject to the free-rider problem. (b) Public goods are associated with the tragedy of the commons. (c) Public goods can be produced without cost. (d) A private market will produce the efficient quantity of a public good only if the market is perfectly competitive.

word_media_image1.jpeg
Watch
5
answers
0
watching
872
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share
Tod Thiel
Tod ThielLv2
1 Mar 2018
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Which one of the following is a primary difference between public good and a private​ good?
 
A. Private goods are purchased by money transfers while public goods are purchased by in-kind transfers.
B. A private good is subject to the free-rider problem while a public good is not.
C. Private goods are manufactured because of the workings of the price system while public goods come about through antitrust legislation.
D. Private goods are subject to the principle of rival consumption while public goods are not.

Which one of the following is a primary difference between a public good and a private​ good?

A. Private goods are purchased by money transfers while public goods are purchased by in-kind transfers.
B. A private good is subject to the free-rider problem while a public good is not.
C. Private goods are manufactured because of the workings of the price system while public goods come about through antitrust legislation.
D. Private goods are subject to the principle of rival consumption while public goods are not.

 

Which one of the following is a primary difference between a public good and a private good?
 

A. Private goods are purchased by money transfers while public goods are purchased by in-kind transfers.

B. A private good is subject to the free-rider problem while a public good is not.

C. Private goods are manufactured because of the workings of the price system while public goods come about through antitrust legislation.

D. Private goods are subject to the principle of rival consumption while public goods are not.

Related Documents

ECO101H1 Chapter Notes - Chapter 11: Natural Monopoly
apricotbutterfly891
ECO 1104 Lecture Notes - Marginal Utility, Marginal Cost, Free Rider Problem
scarletbeetle625
ECO 2023 Lecture Notes - Lecture 23: Rational Ignorance, Overproduction, Free Rider Problem
azuremacaw708

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in