Author Question: Which of the following displays these two characteristics: nonrivalry and excludability? A) ... (Read 84 times)

sam.t96

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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

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Answer to Question 1

C

Answer to Question 2

C



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