The non-exclusion principle means
A) no one can be excluded from the benefits of a public good, even if the person does not pay for it.
B) no one can be excluded from the benefits of a private good, even if only one person pays for it.
C) no one who pays for a public good can be excluded from receiving the benefits of a public good.
D) people who do not pay for a public good can be excluded from receiving its benefits.
Question 2
A natural monopoly that is not regulated will choose to produce at the
A) minimum point of the long-run average cost curve.
B) point at which marginal cost is above average total cost.
C) point at which the demand curve intersects the long-run average cost curve.
D) point at which marginal revenue equals marginal cost.
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