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Author Question: Classifying a good as rival means A) that when one person consumes a unit of the good no one else ... (Read 150 times)

stephzh

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on: Jun 29, 2018
Classifying a good as rival means
 
  A) that when one person consumes a unit of the good no one else can consume it.
  B) anyone who does not pay for the good cannot consume it.
  C) that the good is produced in a competitive market.
  D) that there is a shortage of the good.

Question 2

Adverse selection refers to the actions people take after they have entered into a transaction that make the other party to the transaction worse off.
 
  Indicate whether the statement is true or false
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hugthug12

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

FALSE


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stephzh

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Reply #2 on: Jun 29, 2018
Thank you :)


hugthug12

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Reply #3 on: Jun 29, 2018
Happy to help you


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