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Suppose that a good is both nonrival and nonexclusionary in consumption. In this case, consumers Multiple choice question. will tend to low ride on consumption
Suppose that a good is both nonrival and nonexclusionary in consumption. In this case, consumers Multiple choice question. will tend to "low ride" on consumption of the good. have great incentive to purchase the good. will be willing to pay a price higher than market equilibrium. have little incentive to purchase the good
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
