Microeconomics
13th Edition
ISBN: 9781337617406
Author: Roger A. Arnold
Publisher: Cengage Learning
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Question
Chapter 17.4, Problem 3ST
To determine
An example of a good that is non-rival in consumption and excludable.
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A good that is rival and non-excludable is?
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Chapter 17 Solutions
Microeconomics
Ch. 17.1 - Prob. 1STCh. 17.1 - Prob. 2STCh. 17.2 - Prob. 1STCh. 17.2 - Prob. 2STCh. 17.2 - Prob. 3STCh. 17.2 - Prob. 4STCh. 17.3 - Prob. 1STCh. 17.3 - Prob. 2STCh. 17.3 - Prob. 3STCh. 17.4 - Prob. 1ST
Ch. 17.4 - Prob. 2STCh. 17.4 - Prob. 3STCh. 17.5 - Prob. 1STCh. 17.5 - Prob. 2STCh. 17.5 - Prob. 3STCh. 17 - Prob. 1QPCh. 17 - Prob. 2QPCh. 17 - Prob. 3QPCh. 17 - Prob. 4QPCh. 17 - Prob. 5QPCh. 17 - Prob. 6QPCh. 17 - Prob. 7QPCh. 17 - Prob. 8QPCh. 17 - Prob. 9QPCh. 17 - Prob. 10QPCh. 17 - Prob. 11QPCh. 17 - Prob. 12QPCh. 17 - Economists sometimes shock noneconomists by...Ch. 17 - Prob. 14QPCh. 17 - Prob. 15QPCh. 17 - Prob. 1WNGCh. 17 - Prob. 2WNGCh. 17 - Prob. 3WNG
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- Government intervention may: cause a good to become non-excludable. make a market more efficient if a failure is present. make a market more efficient if no failure is exists. cause a good to become non-rival.arrow_forwardGive an example of a negative externality that you have witnessed or are personally aware of. Who is affected by this? What can be done to improve the situation?arrow_forwardWhen people cannot be prevented from using a good, and it is free of charge to everyone, then that good is classified as being a ____________ non-excludable (pick this!) free rider. non-excludable. non-avoidable.arrow_forward
- In what ways do company investments in research and development create positive externalities?arrow_forwardWhich of the following is the best example of a good or service that would be considered rival and excludable? Select one: a. the clothes on your back b. the U.S. Secret Service c. the N.C. State Patrol d. the Federal Bureau of Investigationarrow_forwardExternality is a problem that create market failure. How the externalities can be internalized to improve market efficiency?arrow_forward
- Which of the following would create a negative externality? A person plays loud music that can be heard by neighbors who would like to sleep O People do not consider the risk of spreading a virus when making decisions O A power plant does not pay the cost of acid rain from burning coal all of thesearrow_forwardWhich of the following best represents a “non-excludable” good? A)Tollway. B)Air. C)None is correct. D)Private hospital wards. E)Private school education.arrow_forwardShow why we normally won’t want to pay what it would cost to eliminate every last bit of a negative externality such as air pollution.arrow_forward
- Describe a situation where you experienced a positive or negative externality or free-riding by you or someone else. Why are these situations problematic?arrow_forwardWhich of the following would be both nonrival and nonexcludable? Select one: a. a museum b. a road c. an immunization d. a siren tornado warning systemarrow_forwardWhich feature of radio broadcasts on the FM frequency makes it so that the radio stations cannot directly require listeners to pay for programming? nonrival nonexcludable negative externalities asymmetric informationarrow_forward
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