Why are public goods different than private goods? Group of answer choices Public goods are rivalrous in consumption and excludable, whereas private goods are nonrivalrous in consumption and nonexcludable. Public goods are rivalrous in consumption and nonexcludable, whereas private goods are rivalrous in consumption and excludable. Public goods are nonrivalrous in consumption and nonexcludable, whereas private goods are rivalrous in consumption and excludable. Public goods are nonrivalrous in consumption and excludable, whereas private goods are rivalrous in consumption and excludable. Public goods are rivalrous in consumption and excludable, whereas private goods are nonrivalrous in consumption and excludable.
Why are public goods different than private goods? Group of answer choices Public goods are rivalrous in consumption and excludable, whereas private goods are nonrivalrous in consumption and nonexcludable. Public goods are rivalrous in consumption and nonexcludable, whereas private goods are rivalrous in consumption and excludable. Public goods are nonrivalrous in consumption and nonexcludable, whereas private goods are rivalrous in consumption and excludable. Public goods are nonrivalrous in consumption and excludable, whereas private goods are rivalrous in consumption and excludable. Public goods are rivalrous in consumption and excludable, whereas private goods are nonrivalrous in consumption and excludable.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information
Section: Chapter Questions
Problem 9QP
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Question
Why are public goods different than private goods?
Group of answer choices
Public goods are rivalrous in consumption and excludable, whereas private goods are nonrivalrous in consumption and nonexcludable.
Public goods are rivalrous in consumption and nonexcludable, whereas private goods are rivalrous in consumption and excludable.
Public goods are nonrivalrous in consumption and nonexcludable, whereas private goods are rivalrous in consumption and excludable.
Public goods are nonrivalrous in consumption and excludable, whereas private goods are rivalrous in consumption and excludable.
Public goods are rivalrous in consumption and excludable, whereas private goods are nonrivalrous in consumption and excludable.
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