Econ MC

When goods are not excludable
a. the good will be produced as a private good but not as a public good. b. the good will not be
produced since no one values it.
c. the free-rider problem prevents the private market from
supplying them.
d. everyone can have all they want and the good will have a zero price.

I was thinking about b or d.

Hmmmm, I guess "none of the above" is an acceptable answer. If that's the case, I would go with d)

Consider and example of a non-excludable good. Consider a street where someone plants a bunch of flowers. The beauty of the flowers can be enjoyed by anybody, no price can be charged by anybody looking at the flowers. So: People as well as governments and civic associations plant such flowers. So the good often is a public good. Scratch a). The flowers exist, they are planted. Scratch b). While the planting produces benefits to those besides the planter, the private market still provided the good. So, scratch c).

Finally, I would wish the planter would plant even more flowers. So, in this sense, I am not getting all I want. Scratch d)?? (alternatively, once the planter selects and plants his flowers, I can enjoy this fixed amount as much as I want at a zero price. So, in this sense, d) would be correct.

Sorry, I wanted to write, 'I guess "none of the above" is NOT and acceptable answer.'

  1. 👍 0
  2. 👎 0
  3. 👁 112

Respond to this Question

First Name

Your Response

Similar Questions

  1. economics

    why do governments provide certain goods instead of leaving the provision of those goods to the free market? Plenty of reasons. 1) the good could be a public good, like national defense. (look up the characteristics of a public

    asked by stacy on May 16, 2007
  2. economics

    Wireless high speed internet is provided for free in the airport of the city of communityville. a) At first, only a few people use the service. What type a good is this and why? It’s a public good because it is neither

    asked by abdi on July 8, 2014
  3. economics

    Suppose there are two goods. The demand for good 1 is q1=a-bp1+ep2 and the demand for good two is q2=a-bp2+ep1. a and b are strictly positive, |e|

    asked by Emma on May 2, 2010
  4. college economics

    Suppose there are two goods. The demand for good 1 is q1=a-bp1+ep2 and the demand for good two is q2=a-bp2+ep1. a and b are strictly positive, |e|

    asked by Emma on May 2, 2010
  5. economics

    Identify similarities and differences between common goods, public goods, private goods, and natural monopolies. Provide an example of each type of good and justify your answers. Discuss possible positive or negative externalities

    asked by Lisa on February 21, 2008
  6. Economics

    State of the good is pure private, pure punlic, or mixed. 1. County zoo 2. UPS Delivery 3. Air conditioning 4. Flood control projects 5. Elementary education 6. Pollution 7. Math tutor I think they are: 1. Mixed 2. Mixed 3. Mixed

    asked by AnaGloria1020 on October 2, 2014
  7. Micro Econ

    Some texts define a "luxury good" as a good for which the income elasticity of demand is greater than 1. Suppose that a consumer purchases only two goods. Can both goods be luxury goods? Explain

    asked by Polina on September 27, 2007
  8. social studies

    Which of the following are the basic economic questions? Select all that apply. A. Where should goods be produced? B. How should goods be produced? C. What goods are produced? D. Which resources can be used for goods? E. Who

    asked by Ayham on September 16, 2019
  9. microeconomics

    Describe the adjustments in the production possibilities curves in each of the following situations for the United States economy. You should use a graph of a production possibilities curve in your explanation of each scenario.

    asked by Jen on June 26, 2010
  10. 3 Questions

    I have three True/False questions. If they are false, please explain why. It is due Monday. 1. A shift in supply causes the price of a good to rise. The shift must have been an increase in supply. I think this is True. 2. The

    asked by Trisha on June 19, 2005

More Similar Questions