A highway without any tolls between 12am and 5am when there is very little traffic is an example of a ________ good.
A. collective
B. commons
C. private
D. public
Answer: D
Economics
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There is considerable evidence to support the assertion that legislated input combinations have reduced the costs of production in affected industries
Indicate whether the statement is true or false
Economics
_____ goods are rivalrous in consumption and nonexcludable
Fill in the blank(s) with the appropriate word(s).
Economics
A view of a spectacular sunset on a beach is ________
A) a rival and excludable good B) an excludable good C) a non-rival good D) a rival but non-excludable good
Economics
A firm is said to be a monopsonist if it is the sole seller of a commodity in the market
a. True b. False Indicate whether the statement is true or false
Economics