The correct statements are: a. The free-rider problem arises from pure public goods being non-rival b. A good that is available to all at no additional cost is said to be non-rival C. A pure public good must be non-excludable, but not all non-excludable goods are pure public goods d. A public good must be produced by the State

The correct statements are: a. The free-rider problem arises from pure public goods being non-rival b. A good that is available to all at no additional cost is said to be non-rival C. A pure public good must be non-excludable, but not all non-excludable goods are pure public goods d. A public good must be produced by the State

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The correct statements are:
a. The free-rider problem arises from pure public goods being
non-rival
b. A good that is available to all at no additional cost is said to
be non-rival
C. A pure public good must be non-excludable, but not all non-excludable
goods are pure public goods
d. A public good must be produced by the State

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