For Both Public Goods and Common Resources,an Externality Arises Because

question 196

Multiple Choice

For both public goods and common resources,an externality arises because

• A)something of value has no price attached to it.
• B)supply exceeds demand.
• C)cost-benefit analysis can only measure the cost of the free-rider problem.
• D)Both a and b are correct.

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Definitions:

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds.

Marginal Probability Distribution

The probability distribution of a subset of variables within a larger set, ignoring the presence or values of other variables.

Mobile Phone Store

A retail outlet specializing in selling mobile phones and related accessories.

Standard Error

A statistic that measures the dispersion or variability of a sample statistic from the population parameter, used to infer the precision of the sample mean.