For a Good to Be Efficiently Provided by the Private

question 143

Multiple Choice

For a good to be efficiently provided by the private market,it must be:

• A)rival in consumption and nonexcludable.
• B)nonrival in consumption and excludable.
• C)a common resource.
• D)rival in consumption and excludable.

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Definitions:

Factory Workers' Militias

Armed groups formed by industrial laborers, often for self-defense or promoting workers' rights during labor disputes.

Bolsheviks

The Bolsheviks were a faction within the Russian socialist movement that led the October Revolution in 1917, establishing the Soviet state.

Soviets

Elected councils that were formed by workers and soldiers in Russia, notably during the Revolution of 1917, leading to the formation of the Soviet Union.

Councils

Assemblies or meetings called for consultation, advice, or decision-making, often within a religious, political, or social context.