If the Government Does Not Provide It, the Quantity of a Nonexcludable

question 141

Multiple Choice

If the government does not provide it, the quantity of a nonexcludable good that private firms will choose to produce is

• A)zero.
• B)more than the optimal amount.
• C)the optimal amount.
• D)optimal only if property rights are assigned.
• E)optimal only if the industry is competitive.

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Definitions:

Hydrochlorofluorocarbons

Compounds used as refrigerants, solvents, and blowing agents, less damaging to the ozone layer than CFCs but still concerning for global warming.

Nitrous Oxide

A colorless gas with a slightly sweet odor, used as a sedative and analgesic in dentistry and surgery, and also known for its contribution to greenhouse gas emissions.

Surface Ozone

A layer of ozone in the lower atmosphere acting as a pollutant harmful to humans and vegetation.

Species Richness

A measure of the number of different species present in an ecosystem, providing an indication of biodiversity.