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Author Question: The non-exclusion principle means A) no one can be excluded from the benefits of a public good, ... (Read 113 times)

RRMR

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on: Jun 29, 2018
The non-exclusion principle means
 
  A) no one can be excluded from the benefits of a public good, even if the person does not pay for it.
  B) no one can be excluded from the benefits of a private good, even if only one person pays for it.
  C) no one who pays for a public good can be excluded from receiving the benefits of a public good.
  D) people who do not pay for a public good can be excluded from receiving its benefits.

Question 2

A natural monopoly that is not regulated will choose to produce at the
 
  A) minimum point of the long-run average cost curve.
  B) point at which marginal cost is above average total cost.
  C) point at which the demand curve intersects the long-run average cost curve.
  D) point at which marginal revenue equals marginal cost.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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31809pancho

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


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