When People Cannot Be Excluded from Consuming a Good,even If

question 72

Multiple Choice

When people cannot be excluded from consuming a good,even if they have not paid for the good,competitive markets would

• A) produce more of the good than society needs.
• B) allocate more resources than the efficient amount to the production of the good.
• C) produce the good so that people could enjoy a "free ride."
• D) produce less than the efficient quantity.
• E) eliminate the deadweight loss.