Which of the following statements is true? O If a good is nonrivalrous in consumption then it is nonexcludable, too. O A good can be rivalrous in consumption but not nonexcludable, too. O An apple is nonrivalrous in consumption. D Many economists maintain that the market fails to produce nonexcluda O none of the above
Which of the following statements is true? O If a good is nonrivalrous in consumption then it is nonexcludable, too. O A good can be rivalrous in consumption but not nonexcludable, too. O An apple is nonrivalrous in consumption. D Many economists maintain that the market fails to produce nonexcluda O none of the above
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: Public Goods And Common Resources
Section: Chapter Questions
Problem 1QR
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![Which of the following statements is true?
O If a good is nonrivalrous in consumption then it is nonexcludable, too.
O A good can be rivalrous in consumption but not nonexcludable, to0.
O An apple is nonrivalrous in consumption.
O Many economists maintain that the market fails to produce nonexcludable
O none of the above](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb8ff7d78-49ea-4ef0-aa04-f35dca459cbe%2F0d14afda-6b2e-4ea1-abc1-03407531bca3%2Fxs1y3eh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following statements is true?
O If a good is nonrivalrous in consumption then it is nonexcludable, too.
O A good can be rivalrous in consumption but not nonexcludable, to0.
O An apple is nonrivalrous in consumption.
O Many economists maintain that the market fails to produce nonexcludable
O none of the above
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