Which of the following characteristics is required if a good is to be efficiently provided by profit-seeking firms? The good should be excludable and rival in consumption. The good should be a consumer good. The good should not be an inferior good. The good should be subject to the free rider problem.

Which of the following characteristics is required if a good is to be efficiently provided by profit-seeking firms? The good should be excludable and rival in consumption. The good should be a consumer good. The good should not be an inferior good. The good should be subject to the free rider problem.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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