If the value that people, on average, receive from a common property exceeds the marginal cost of its use, then

a. more people will use the common property.
b. social gain is as large as possible.
c. the common property creates zero economic rent.
d. demand for the common property will fall.


a. more people will use the common property.

Economics

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If individuals are rational, they should choose actions that yield the:

A. largest economic surplus. B. smallest economic surplus. C. smallest total costs. D. largest total benefits.

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With respect to health care decisions, which party is the "third" party?

A. The doctor B. The federal regulator C. The health insurance company D. The patient

Economics

If all consumers are uninformed about the quality of a product

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Economics