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Famwam Famwam
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5 years ago

Question 1.

When it comes to ________ goods, it is important to remember only one level of output can be realized and consumers are ________ for that level.



▸ public; only willing to pay the same amount

▸ public; willing to pay different amounts

▸ private; only willing to pay the same amount

▸ private; willing to pay different amounts

Question 2.

The optimal level of provision of ________ goods is where society's total willingness to pay per unit is equal to the marginal cost of producing the good.



▸ public

▸ private

▸ all

▸ normal
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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amw87470amw87470
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5 years ago
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Famwam Author
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5 years ago
Thanks
jaray75
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Yesterday
this is exactly what I needed
kamikazekota
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2 hours ago
Thank you, thank you, thank you!
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