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A public good is a good that is both rival and excludable.

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A public good is a good that is both rival and excludable.

Question 1.

A quasi-public good differs from a public good in that unlike a public good, it is possible to keep those who do not pay for the quasi-public good from enjoying the benefits of the good.

• true

• false

Question 2.

A public good is a good that is both rival and excludable.

• true

• false

Textbook

Microeconomics

Edition: 7^th

Authors: Hubbard, O'Brien

Read 67 times

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Gparker

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More solutions for this book are available here

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