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Author Question: Albert, Betty, Christine and David are all very good students. When they hold their study sessions, ... (Read 71 times)

savannahhooper

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on: Jun 30, 2018
Albert, Betty, Christine and David are all very good students. When they hold their study sessions, they often discuss very difficult concepts in great detail. Christine's roommate, Elizabeth, who takes completely different classes, still learns from the discussions of the others. This is the case of a(n) ____, which ____ a ____.
 a. public good; benefits; third party
  b. externality; imposes a cost on; free rider
  c. market failure; results from; third party
  d. free rider; benefits from; third party
  e. Externalities; benefits; third party

Question 2

Albert and Betty hire Christine and David to play music at their wedding. Elizabeth, who lives behind the church, cannot study because of the loud music. The third party is:
 a. Albert.
  b. Betty.
  c. Christine.
  d. David.
  e. Elizabeth.


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trog

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

e


savannahhooper

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Reply #2 on: Jun 30, 2018
Thank you


trog

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Reply #3 on: Jun 30, 2018
No problemo


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