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Author Question: Which of the following displays these two characteristics: nonrivalry and excludability? A) ... (Read 83 times)

sam.t96

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on: Jun 29, 2018
Which of the following displays these two characteristics: nonrivalry and excludability?
 
  A) public goods B) private goods
  C) quasi-public goods D) common resources

Question 2

In order to be binding, a price ceiling
 
  A) must be high enough for firms to earn a profit.
  B) must coincide with the free market equilibrium price.
  C) must lie below the free market equilibrium price.
  D) must lie above the free market equilibrium price.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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joanwhite

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

C

Answer to Question 2

C


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