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Author Question: A nonrival good is a good that a. is produced by a monopoly. b. is produced by a cartel. c. can ... (Read 97 times)

pane00

  • Hero Member
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  • Posts: 579
on: Jul 1, 2018
A nonrival good is a good that
 a. is produced by a monopoly.
 b. is produced by a cartel.
 c. can provide benefits to additional users at a zero marginal cost.
  d. is sold in a single market.

Question 2

A nonexclusive good is a good that
 a. is sold in low price markets.
 b. is impossible to keep people from enjoying the benefits the good provides.
  c. is produced by a perfectly competitive firm.
 d. is produced at the lowest possible cost.


kaillie

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  • Posts: 326
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


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