Author Question: The tragedy of the commons occurs because some goods are ________ in consumption. A) excludable ... (Read 68 times)

fbq8i · **on:** Jun 29, 2018

The tragedy of the commons occurs because some goods are ________ in consumption.

A) excludable
B) non-excludable but rival
C) non-rival and non-excludable
D) non-rival

Question 2

Based on the figure above, if the factory owned the river then at the equilibrium, marginal social cost would ________ marginal benefit, and the quantity of chemical produced would be ________.

A) exceed; above the efficient quantity
B) exceed; below the efficient quantity
C) be below; above the efficient quantity
D) be below; below the efficient quantity
E) equal; efficient