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emlaai emlaai
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Posts: 443
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5 years ago

Question 1.

For-profit producers will produce only private goods because

• markets exist for private goods but not for public goods.

• the cost of production can be easily determined.

• buyers will be willing to pay for the goods since the benefits are excludable.

• all external benefits can be internalized using market prices.

Question 2.

Goods can be classified on the basis of whether their consumption is

• internal and excludable.

• rival and competitive.

• includable and cooperative.

• rival and excludable.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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anuja709anuja709
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#1
Posts: 375
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5 years ago
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emlaai Author
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5 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Danivalda
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Yesterday
Helped a lot
2ne1_12345
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2 hours ago
This site is awesome
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