33. Street lighting, a public good, is not normally supplied through the ordinary market mechanism because

A. the initial capital cost would be prohibitive

B. some households could not afford to make their full contribution towards the cost

C. the benefits would not be confined to buyers, but would automatically be available to non-buyers

D. the provision of public goods is essential and cannot, therefore, be left to private initiative

34. A consultant has identified three conditions which she maintains would encourage the development of collusive behaviour in an industry

(1) All companies in the industry have identical costs

(2) There are constant technological developments in the industry

(3) Each company in the industry sells an homogenous product

The consultant is correct in relation to

A (2) and (3) only

B. (1) and (2) only

C. (1) and (3) only

D. (1). (2) and (3)