Indicate whether each of the following statements is true, false, or uncertain, and justify your answer. a.
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b. If a good is nonrival and excludable, it will never be produced by the private sector.
c. A road is nonrival because one person’s use of it does not reduce another person’s use of it.
d. Larger communities tend to consume greater quantities of a nonrival good than smaller communities.
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a False Efficient provision of a public good occurs at the level where total willingness to pay for ...View the full answer
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