Consider a Non- Rivalrous Good, Like National Defence, Provided by the Government

question 84

Multiple Choice

Consider a non- rivalrous good, like national defence, provided by the government. At the socially optimal level of provision of this good, the marginal

• A) cost of provision of the last unit of the good is more than all consumers' combined marginal willingness to pay.
• B) sacrifice society needs to make to supply the last unit of the good is more than each consumer's marginal willingness to pay.
• C) cost of provision of this good is zero.
• D) cost of provision of the last unit of the good is equal to all consumers' combined marginal willingness to pay.
• E) cost of provision of the last unit of the good is equal to the consumers' marginal willingness to pay.

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