"The Principle of Increasing Marginal Cost Does Not Apply to Public

question 68

Essay

"The principle of increasing marginal cost does not apply to public goods." Is this statement correct or not?

---

Definitions:

Doctrine Of Direct Liability

A legal principle that allows an individual or entity to be held directly responsible for harm caused by their actions or omissions.

Scope Of Employment

Activities undertaken by an employee that fall within the duties and responsibilities of their job.

Taxicab

A motor vehicle licensed to transport passengers in return for payment of a fare, usually calculated by a meter.

Tort

A wrongful act or infringement of a right leading to civil legal liability.