When a Good Is Nonexcludable

question 68

Multiple Choice

When a good is nonexcludable,

• A) it is impossible or very costly to exclude nonpaying customers from receiving the good.
• B) individuals will have an incentive to become free riders.
• C) it will be difficult for a private firm producing the good to generate revenue sufficient to cover the cost of production.
• D) all of the above are true.

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Definitions:

Early Adolescence

A developmental phase covering the onset of puberty, typically ages 10-14, marked by rapid physical, emotional, and cognitive changes.

Diagnosed

The identification of a disease or condition by its signs, symptoms, and possibly testing, often leading to treatment or intervention.

Neurologically Immature

A condition where an individual's nervous system has not reached full development, potentially impacting various aspects of functioning.

Maintain Attention

The ability to focus one's concentration on a task or activity over a period of time without being distracted.