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Author Question: A commodity or service whose consumption by one person does not preclude others from also consuming ... (Read 130 times)

Yolanda

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on: Jul 1, 2018
A commodity or service whose consumption by one person does not preclude others from also consuming it is called a
 
  A) private good.
  B) public good.
  C) Giffen good.
  D) Coase good.

Question 2

In the case of a good that has no exclusion and no rivalry, private markets fail because
 
  A) of free-ridership.
  B) this is a natural monopoly.
  C) profit is driven down to zero.
  D) the quantity produced will exceed the social optimum.
Microeconomics ¦ Perloff ¦ 8th Edition
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fur

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Yolanda

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Reply 2 on: Jul 1, 2018
:D TYSM

xiaomengxian

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Reply 3 on: Yesterday
Excellent

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