Which of the following displays these two characteristics: ...

[sam.t96]

Which of the following displays these two characteristics: nonrivalry and excludability?
 
  A) public goods B) private goods
  C) quasi-public goods D) common resources

Question 2

In order to be binding, a price ceiling
 
  A) must be high enough for firms to earn a profit.
  B) must coincide with the free market equilibrium price.
  C) must lie below the free market equilibrium price.
  D) must lie above the free market equilibrium price.

[joanwhite]

Answer to Question 1

C

Answer to Question 2

C