An important difference between the demand for a private good and the demand for a public good is that
A) the resources used to provide public goods are common resources or government owned; the resources used to produce private goods are all privately owned.
B) individuals reveal their preferences for a public good but they do not have to reveal their preferences a private good.
C) the demand for a private good produces consumption externalities; the demand for a public good produces production externalities.
D) individuals reveal their preferences for a private good but they do not have to reveal their preferences for a public good.
Question 2
In order to be binding, a price floor
A) must lie below the free-market equilibrium price.
B) must coincide with the free-market equilibrium price.
C) must be high enough for firms to earn a profit.
D) must lie above the free-market equilibrium price.
Examples of structures in which extensive surface area is important for function.
What makes tea so good
onions taste good
Difference between....
Private practice setting.
Prime Numbers & Public Key Cryptography