ECON 102 Study Guide - Quiz Guide: Pigovian Tax, Marginal Cost, Marginal Utility
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ECON 102 Full Course Notes
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Freeway 405 in los angeles is constantly congested, causing traffic to move very slowly. An individual is more likely to be a free rider when a good is: A key element that a public good displays is: Select one: rival consumption, overproduction, payment through charitable contributions, nonexclusion. National defense and ebooks are similar in that both are ________, but they differ in that national defense is ________ while ebooks are not. Select one: rival in consumption; excludable, nonrival in consumption; nonexcludable, excludable; rival in consumption, nonexcludable; nonrival in consumption. Computer software that you can download from the internet for a price is an artificially scarce good because it is ________ but ________ in consumption. Select one: excludable; nonrival, nonexcludable; rival, excludable; rival, nonexcludable; nonrival. If a good that involves external costs is priced to take these costs into account, then its price will:
