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:

Conformity Increased

A phenomenon where individuals adjust their behavior or beliefs towards group norms as the pressure from the group increases.

Dynamic Social Impact

A theory suggesting that individuals in a group influence each other and over time, the group becomes more homogenous in their beliefs and behaviors.

Geographically Distributed

Pertaining to entities, individuals, or systems that are spread out across different geographic locations.

Social Comparison

Social comparison is the process by which individuals evaluate their own opinions and abilities by comparing themselves to others, to assess their worth or status.