This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Public goods represent a market failure because (Read 44 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
on: Apr 19, 2019

Question 1

Public goods are


◦ rival in consumption, and their benefits are excludable.
◦ nonrival in consumption, and their benefits are excludable.
◦ nonrival in consumption, and their benefits are nonexcludable.
◦ rival in consumption, and their benefits are nonexcludable.

Question 2

Public goods represent a market failure because


◦ they are provided by firms with market power.
◦ positive externalities are created through their production.
◦ by their very nature they are nonexcludable and nonrival, which makes it difficult for the private sector to supply them profitably.
◦ there is incomplete information regarding their quality.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Awilson837 on Apr 19, 2019

Eazy416

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 58% of students answer this correctly


Awilson837

  • Hero Member
  • *****
  • Posts: 509
Reply #2 on: Apr 19, 2019
TY


Eazy416

  • Sr. Member
  • ****
  • Posts: 360
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

(A) The name and shape of the adult teeth. These teeth represent those found in the right side of th (A) The name and shape of the adult teeth. These teeth represent those found in the right side of th
Right Sided Heart Failure Right Sided Heart Failure
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Until the 1960s, the South’s public facilities were segregated. Some were reserved for whites, ... Until the 1960s, the South’s public facilities were segregated. Some were reserved for whites, ...
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
Public Speaking Guidebook Public Speaking Guidebook
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library