The Price Charged for Access to an Uncongested, Excludable Non-

question 98

Multiple Choice

The price charged for access to an uncongested, excludable non- rivalrous good should be _ because _ .

• A) positive; more than one person can consume this good at the same time.
• B) positive; marginal cost and marginal benefit for this good are both positive.
• C) zero; the marginal benefit of the last unit consumed is zero.
• D) positive; consumers receive a positive marginal benefit from consuming the good.
• E) zero; it is inefficient to exclude people from consuming this good once it has been supplied.

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Definitions:

Initial Strategies

Refers to the first set of plans or methods applied to start a process or tackle a problem.

Phase Research

A method in scientific and academic studies where research is conducted in distinct stages or phases to better analyze data or test hypotheses.

Note Taking

The practice of recording information from verbal or written sources for future reference.

Effective Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.