A common resource is ?

Related Mcqs:

Which of the following are potential solutions to the problem of air pollution?

A. Grant right of the clean air to citizens so that firms must purchase the right to pollute B. Auctions off pollution permits. C. Regulate the amount of pollutants that firms can put in the air D. all of these answers...

When markets fail to allocate resources efficiently, the ultimate source of the problem is usually ?

A. government regulation B. that prices are not low enough so firms over produce C. that prices are not high enough, so people overconsume D. that property rights have not been well established...

A public good is ?

A. neither rival nor excludable B. rival but not excludable. C. both rival but excludable D. not rival but excludable...

A good produced by a natural monopoly is ?

A. rival but not excludable B. neither rival nor excludable C. not rival but excludable D. both rival and excludable...

A free rider is a person who ?

A. receives the benefits of a good but avoids paying for it. B. pays for a good but fails to receive any benefit from the good C. fails to produce goods but is allowed to consume goods. D. produces a good but fails to receive payment for the good...