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

Author Question: A commodity or service whose consumption by one person does not preclude others from also consuming ... (Read 127 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
on: Jul 1, 2018
A commodity or service whose consumption by one person does not preclude others from also consuming it is called a
 
  A) private good.
  B) public good.
  C) Giffen good.
  D) Coase good.

Question 2

In the case of a good that has no exclusion and no rivalry, private markets fail because
 
  A) of free-ridership.
  B) this is a natural monopoly.
  C) profit is driven down to zero.
  D) the quantity produced will exceed the social optimum.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fur

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jul 1, 2018
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 25% of students answer this correctly


Yolanda

  • Member
  • Posts: 757
Reply 2 on: Jul 1, 2018
:D TYSM

TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

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?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Photograph of a person with a cataract in the right eye. Photograph of a person with a cataract in the right eye.
Older adults may grieve intensely over the loss of a person or situation that has been a part of the Older adults may grieve intensely over the loss of a person or situation that has been a part of the
Josiah Wedgwood, Queen's Ware dinner service (detail). Josiah Wedgwood, Queen's Ware dinner service (detail).
Bank teller assisting with customer service. Bank teller assisting with customer service.
How Much Food Does the World Produce Per Person? How Much Food Does the World Produce Per Person?
Coffee will not sober you up. An intoxicated person who drinks coffee will end up being a stimulated Coffee will not sober you up. An intoxicated person who drinks coffee will end up being a stimulated
Video: Bipolar Disorder

For a complete list of videos, visit our video library