This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Public goods represent a market failure because (Read 63 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
on: Apr 19, 2019

Question 1

Public goods are


◦ rival in consumption, and their benefits are excludable.
◦ nonrival in consumption, and their benefits are excludable.
◦ nonrival in consumption, and their benefits are nonexcludable.
◦ rival in consumption, and their benefits are nonexcludable.

Question 2

Public goods represent a market failure because


◦ they are provided by firms with market power.
◦ positive externalities are created through their production.
◦ by their very nature they are nonexcludable and nonrival, which makes it difficult for the private sector to supply them profitably.
◦ there is incomplete information regarding their quality.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Awilson837 on Apr 19, 2019

Eazy416

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Apr 19, 2019
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.
Answer Preview
Only 58% of students answer this correctly


Awilson837

  • Hero Member
  • *****
  • Posts: 509
Reply #2 on: Apr 19, 2019
TY


Eazy416

  • Sr. Member
  • ****
  • Posts: 360
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Right Sided Heart Failure Right Sided Heart Failure
Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
Mechanisms of Action of Drugs Used for Heart Failure Mechanisms of Action of Drugs Used for Heart Failure
Terminals 85 and 86 represent the coil inside the relay. Terminal 30 is the power terminal, 87a is ... Terminals 85 and 86 represent the coil inside the relay. Terminal 30 is the power terminal, 87a is ...
Drugs in the Treatment of Heart Failure Drugs in the Treatment of Heart Failure
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Steps of glucose catabolism

For a complete list of videos, visit our video library