If a good is excludable and has a near-zero marginal cost, it is probably a club good. Question 26Select one: True False Question 27 Not yet answered Marked out of 1.00 Flag question Question text Given that there is a limited quantity of pollution we can add to the Earth's atmosphere before it becomes degraded, we can regard the air as a common-pool resource. Question 27Select one: True False Question 28 Not yet answered Marked out of 1.00 Flag question Question text Positive externalities can cause Pareto-inefficiency. Question 28Select one: True False
If a good is excludable and has a near-zero marginal cost, it is probably a club good. Question 26Select one: True False Question 27 Not yet answered Marked out of 1.00 Flag question Question text Given that there is a limited quantity of pollution we can add to the Earth's atmosphere before it becomes degraded, we can regard the air as a common-pool resource. Question 27Select one: True False Question 28 Not yet answered Marked out of 1.00 Flag question Question text Positive externalities can cause Pareto-inefficiency. Question 28Select one: True False
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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If a good is excludable and has a near-zero marginal cost, it is probably a club good.
True
False
Question 27
Not yet answered
Marked out of 1.00
Flag question
Question text
Given that there is a limited quantity of pollution we can add to the Earth's atmosphere before it becomes degraded, we can regard the air as a common-pool resource.
True
False
Question 28
Not yet answered
Marked out of 1.00
Flag question
Question text
Positive externalities can cause Pareto-inefficiency.
True
False
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