Lunch in Jamie's Dorm Is an All-You-Can-Eat Buffet, Served from 11

question 81

Multiple Choice

Lunch in Jamie's dorm is an all-you-can-eat buffet, served from 11 a.m. until 1 p.m. By noon, the buffet is picked over, and by 12:30, there are very few popular items left. The garbage bins, though, are full of food. The buffet in Jamie's dorm is an example of:

• A)an efficient subsidy.
• B)the tragedy of the commons.
• C)excess supply in the market.
• D)a good with positive externalities.

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