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Author Question: Private goods are those goods A) that violate the principle of rival consumption. B) for which ... (Read 70 times)

burchfield96

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Private goods are those goods
 
  A) that violate the principle of rival consumption.
  B) for which no public market exists.
  C) that can only be consumed by one individual at a time.
  D) to which the non-exclusion principle applies.

Question 2

Refer to the above figure. A unit tax has been placed on the good. What is the total amount of the tax?
 
  A) 0
  B) P2 - P0
  C) P2 - P1
  D) P1 - P0



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shaquita

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Answer to Question 1

C

Answer to Question 2

B




burchfield96

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Reply 2 on: Jun 29, 2018
Excellent


tranoy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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