Question indicate whether each of the following statements, Ask an Expert

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Question: Indicate whether each of the following statements is true, false, or uncertain, and justify your answer.

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 one persons use of it does not reduce another persons use of it.

d. Larger communities tend to consume greater quantities of a nonrival good than smaller communities.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92299017

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