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:

Developing Root

The growth phase of a plant's root system which involves the formation, elongation, and differentiation of root cells and structures.

Developing Fruit

The growth phase of a fruit from fertilization of the ovary in plants to maturity, involving physiological and biochemical changes.

Sieve Tube Members

Plant cells that are part of the phloem, responsible for transporting sugars and other nutrients throughout the plant in a network of sieve tubes.

Nodules

In botany, swollen structures on plant roots that house symbiotic bacteria involved in the nitrogen fixation process.