An example of a good that is excludable is:
A. broadcast television.
B. an outdoor sculpture visible from the street.
C. an aerial fireworks display.
D. a television set.
Answer: D
You might also like to view...
Liz loves to eat popcorn. Still, the more she eats, the less she wants each additional bite. Her marginal utility from popcorn is
A) diminishing. B) negative. C) increasing. D) zero.
Let D = demand, S = supply, P = equilibrium price, Q = equilibrium quantity. What happens in the market for solar panels if the government offers tax breaks to encourage manufacturers to produce more solar panels?
A) S increases, D no change, P decreases, Q increases. B) D increases, S no change, P and Q increase. C) D and S increase, P and Q decrease. D) D no change, S increases, P decreases, Q decreases.
Explain why a monopoly that knows the demand curve of identical consumers can set a two-part tariff with the lump sum tariff equal to the total amount of potential consumer surplus
What will be an ideal response?
An electricity provider charges consumers $0.20 per kWh for the first 100 kWh, $0.25 per kWh for the next 50 kWh, and $0.27 per kWh for all subsequent kWH of usage. This would be considered
A) an antitrust violation. B) an example of increasing-block pricing. C) bad business practices. D) an example of three-part pricing.