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:

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Exchanges between individuals or groups, involving communication or cooperative behavior within social contexts.

Social Savvies

Individuals or entities adept at navigating and leveraging social media platforms for personal or business purposes.

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To establish a relationship or link between people, systems, or devices.

Microblogs

Platforms or formats that allow for brief and frequent updates, often used for personal, informal communication or marketing.