a. Efficient provision of a public good occurs at the level at which each member of society places the same value on the last unit b. If a good is nonrival and excludable, it will never be produced by the private sector C. A road is nonrival because on person's use of it does not reduce another person's use of it d. Larger communities tend to consumergreaterquantities of a nonrival good that smaller communities.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter13: Positive Externalities And Public Goods
Section: Chapter Questions
Problem 22CTQ: Radio stations, tornado sirens, light houses, and street lights are all public goods in that all are...
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*** Addresseach of the following statements, justifying using economic principles your view(s):
a.
Efficient provision of a public good occurs at the levelat which each member of society
places the same value on the last unit
b. If a good is nonrival andexcludable, it will never be produced by the private sector
С.
A road is nonrival because on person's use of it does not reduce another person's use of
it
d. Larger communities tend to consumergreater quantities of a nonrival good that smaller
communities.
Transcribed Image Text:*** Addresseach of the following statements, justifying using economic principles your view(s): a. Efficient provision of a public good occurs at the levelat which each member of society places the same value on the last unit b. If a good is nonrival andexcludable, it will never be produced by the private sector С. A road is nonrival because on person's use of it does not reduce another person's use of it d. Larger communities tend to consumergreater quantities of a nonrival good that smaller communities.
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