Chapter 1
Topic: Public Goods. 43) A public good in which exclusion is possible is called . A) an exclusive good. B) a common good. C) an impure good. D) a club good. Answer: D . Diff: 0. Topic: Public Goods. 44) Markets tend to produce too little of an excludable public good because. transaction costs are high. of the lack of rivalry. these goods are ... ................
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